Milestone Growth Fund approaches all funding opportunities with a formal and thorough due diligence process:
Step 1. Business Plan Submission
To begin the funding process, please submit a detailed business plan that includes historical financial information, financial projections, and funding requirements. Your business plan must demonstrate an in-depth knowledge of your company’s industry, marketplace, and competition. Finally, your plan should present the company’s unique attributes, opportunities, and advantages. A more complete outline of what we expect to see in a business plan can be found here.
Step 2. Plan Review and Discussion
Milestone’s investment team will conduct an initial review of the plan, evaluate the company’s ability to meet basic investment criteria, and determine if the plan demonstrates sufficient growth for consideration.
Step 3. Proposal Meeting
The proposal meeting is an initial meeting between you and Milestone. In this meeting we will discuss the details of your business plan. This lets Milestone learn about your company’s mission, goals, and strategy. Most importantly, the meeting will establish an initial rapport between Milestone staff and the prospective client’s management team and reveal the mutual interests served in pursuing an investment agreement. Basic terms and conditions are discussed.
Step 4. Investigation
As the enthusiasm builds around your company’s business opportunity, Milestone will begin the due diligence process. We may visit your company’s site and meet with staff members and your company’s accountants, attorneys, bankers, suppliers, and customers. We will talk to the professional and personal references you provide us, as well as industry experts. Milestone will also want to gain a keen understanding of your company’s industry to assess the business potential, adequacy of your financial requirements, soundness of your financial projections, and personal credit history of the company’s owners.
Step 5. Terms and Conditions Agreement
At this stage, preliminary terms are discussed to ensure there are no major roadblocks or misunderstandings regarding the business plan. You should expect to be presented with specific suggestions about your management team and business practices.
With terms and conditions in place, the funding agreement is presented to Milestone’s Investment Committee for final approval. The Committee may change the terms and conditions of the investment. Once the investment is approved, Milestone’s legal counsel prepares the legal documentation.
The total funding process may take up to ninety (90) days depending on how well prepared the business plan and how responsive the company has been to Milestone’s inquiries.
Do you have questions about our process?