JLJ Capital Funding Resources

Differences Between Public and Private Sources of Funding

On the whole private lenders are looking for the same information and will conduct a similar due diligence as the banks to make a positive funding decision.
At JLJ Funding we are creative in our methods to facilitate funding for those who need it.

We look at each request individually and let it stand on its merits, we do not simply use a set of rules for every client. Additionally we provide guidance to insure a successful result for those seeking funding but fall short of our minimum requirements.

Advantages:

Public Funding Sources

• Purpose set by legislation

• Focus on functions usually impacting significant groups in society.

• Have the most money and more likely to award large grants/contracts.

• More likely to pay all project cost and/or cover indirect costs.

• Easier to find information about and to stay current on project needs/interests.

• Application processes and deadlines are public information and very firm.

• Use prescribed formats for proposals many use "common" application forms.

• Possibilities of renewal known upfront.

• Plentiful staff resources most projects have specific contact person.

• More likely to have resources for technical assistance.

• Funds available to wider array of organizations (for profit and nonprofit).

• Accountable to elected officials if administrative staff don’t follow the rules.

• Wide range in size of available funding options tailored to your needs

• Available funding from 1 million and up.

• Provide funding for public and private sector.

• Full length, complex proposals not always necessary.

• More flexible in responding to unique needs and circumstances.

• Able to avoid bureaucratic requirements for administering grants. We have less red tape to get funded.

• More informal and are willing to help with the application process to help get approval.

Private Funding Sources

• Wide range in size of available funding options tailored to your needs

• Available funding from 1 million and up.

• Provide funding for public and private sector.

• Full length, complex proposals not always necessary.

• More flexible in responding to unique needs and circumstances.

• Able to avoid bureaucratic requirements for administering grants. We have less red tape to get funded.

• More informal and are willing to help with the application process to help get approval.

Disadvantages:

Public Funding Sources

• Are much more bureaucratic.

• Lengthy proposal requirements and complex application, administration and compliance procedures.

• Often require institutional cost-sharing and matching.

• Reviewers tend to favor established applicants.

• Sometimes difficult to sell new ideas and high-risk approaches.

• Cost to applicants much higher expensive application and compliance procedures.

• Changing political trends affect security of some programs availability of funds can change rapidly.

Private Funding Sources