#154 - The Startup CPG Financing Database with Daniel Taylor, BAGS

The Startup CPG Podcast

Startup CPG

Startup, Food, Business, Beverage, Cpg, Entrepreneurship

4.9 • 642 Ratings

🗓️ 30 July 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Daniel Scharff in this episode of Startup CPG Podcast for the release of Startup CPG's Financing Database, an amazing resource crowdsourced from our community that lists all the non-dilutive lending options we could find, categorized by loan type and with info on the minimums for each provider. The database is proudly sponsored by our friends at BAGS. On today's podcast, Daniel Taylor, Co-Founder & CEO at BAGS, explains crucial challenges and financing strategies for CPG entrepreneurs, emphasizing the pitfalls of excessive equity dilution and the benefits of non-dilutive funding options like debt financing. A real highlight in this episode is Daniel Taylor explaining all the different financing options available to brands.

They also discuss the mission of BAGS, a comprehensive platform tailored for CPG businesses, offering a lender database, strategic debt planning, and financial management support. From factoring to venture debt, they dissect various financing avenues, providing valuable insights into fostering business growth and ensuring financial stability in the competitive CPG landscape.

Startup CPG Financing Database sponsored by BAGS: https://bit.ly/financingdatabase

Listen in as they share about:

Startup CPG Financing Database
Challenges in Early-Stage VC Funding
Alternative Financing Options
Importance of Cash Conversion Cycle
Strategic Use of Debt
Building a Business Without Venture Capital
BAGS' Service Model
Database of Lenders
Types of Financing Options
Factoring vs. Financing
SBA Loans
Merchant Cash Advances (MCAs)
Key Considerations When Choosing Financing
Game Plan for Financing

ADVERTISING NOTICE & DISCLAIMER

BAGS is a paying sponsor of Startup CPG and Startup CPG may receive commissions if users click and apply through the contact links.

Startup CPG provides this financing database strictly as an informational reference. We have not vetted any of the resources listed here and make no representations about the quality or appropriateness of the services they provide. Startup CPG makes no warranties about the accuracy or completeness of the information provided in this database. Use the information in this database at your own risk. Startup CPG does not provide financial advice. We encourage you to seek financial advice from competent professionals and to carefully research your options for obtaining commercial financing. ALL INFORMATION IS PROVIDED AS IS WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED. STARTUP CPG EXPRESSLY DISCLAIMS THE IMPLIED WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE.

Episode Links:

BAGS Website
Daniel Taylor’s LinkedIn

Don't forget to leave a five-star review on Apple Podcasts or Spotify if you enjoyed this episode. For potential sponsorship opportunities or to join the Startup CPG community, visit http://www.startupcpg.com.

Show Links:

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Join the Startup CPG Slack community (20K+ members and growing!)
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Questions or comments about the episode? Email Daniel at podcast@startupcpg.com

Episode music by Super Fantastics

Transcript

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0:00.0	Are you paying a ton in shipping to send out products, samples, and whatever else?
0:05.0	The fees really add up, but lucky for you, we now have a partner that gets you access to the discounted shipping rates that are usually only available to those big companies.
0:14.0	I worked with them for my last beverage brand and I can tell you, they definitely got us savings.
0:18.0	Whether you're sending overnight samples, fulfilling e-commerce
0:21.1	orders, or even a 40-foot ocean container, our partner, Enterprise Purchasing Group, or EPG, has
0:27.5	got you covered. There are a bunch of free benefits you can get by signing up with them. You
0:31.8	can get up to an 86% discount on small parcel shipments from UPS, D-HL Express, UPS, and more.
0:39.1	You get really competitive L-TL and F-T-L rates through UPS.
0:43.1	You get discounted spot and fixed ocean rates through Flexport and MERSC.
0:47.2	You get exclusive air frets, and you also get preferential terms with supply chain financing.
0:52.9	All you need to do is reach out to
0:54.3	Francis Agass. His email is Francis, F-R-A-N-C-I-S, at enterprisepurchasing.com.
1:02.0	Mention the startup CPG discount and take advantage of those savings. Good luck, everybody,
1:06.8	and happy shipping.
1:21.6	Thank you. and happy shipping. So the main mission of bags is solve access to capital for vast scoring segments of the
1:26.6	U.S. economy with real focus on underrepresented
1:29.2	business owners, but we work with all business owners. And the reason why we specifically went after
1:33.3	businesses in the CPG space is because this element of cash conversion cycle. Like, you know,
1:38.6	when you're expanding into retail and you're making that decision whether to fund your inventory
1:43.2	or, you know, have enough dollars left over to activate around your inventory or, you know, have enough
1:44.8	dollars left over to activate around that retail opportunity, you know, making sure that you
1:48.6	really build a strong debt stack is critical, critical, critical in terms of growing your
	...

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