Finimpact

Frequently Asked Questions (FAQ)

I would like to approach an Angel group for funding. What is the process?
Each angel group will have its own process for businesses looking for funding. In general, you’ll need to work with the group to schedule a time to present your business plan and negotiate with interested investors.
What kind of documents do I need for an Angel investor?

Angel investors will want to see many business documents. You’ll want to bring any financial information related to your investments in the company, the company’s expenses and income, and any debts it has or other investments it received.

You should also have a written business plan with projections for growth over the next few years and a plan for how your company will start producing a positive return.

How do I protect my privacy when working with Angel investors?
When working with angel investors, you’ll be meeting with potential funders and negotiating the terms of their investments. Maintaining privacy will be difficult and may hurt your chances because angels often look for invested and involved owners.
Are there any fees for participation in a screening process of an Angel investor group?
The vast majority of angel investor groups do not require fees to apply, however, some do. Check the terms of your local investor groups before you apply.

About the Authors

TJ Porter

Written by: TJ Porter

Personal Finance Writer

I have in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions both simple and complicated.

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Kal Salem

Reviewed by: Kal Salem

CPA, PMP and Finance Consultant

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC.

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Somer G. Anderson, Ph.D.

Fact checked by: Somer G. Anderson Ph.D., CPA

Accounting and Finance Professor

Somer G. Anderson has been working in the Accounting and Finance industries for over 20 years as a financial statement auditor, a finance manager in a large healthcare organization, and a Finance and Accounting professor at Maryville University.

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