Tag Archives: women businss funding

Banks & Organizations that Loan Money to Women Entrepreneurs!

13 Sep

Hi Ladies,

Okay! so you have exhausted all avenues when it comes to financing your business. You have decided that the best option for you at this time is to get a loan.  Where do you go? who do you turn to for help when your bank is not listening?

Here are several institutions that having lending programs for women in business and that make mircoloans to women business owners, minorities, and small businesses.

ACCION USA

ACCION USA is a private, nonprofit organization that provides microloans up to $50,000 and other financial services to low and moderate-income entrepreneurs, including women and minorities who are otherwise unable to access bank credit for their small businesses.

ACCION USA is NOT affiliated in any what with ACCIONNOW.com (a fraudulent website).

KEY BANK

Even during tough times, at least one bank is out there gunning for women in business. KeyBank has an impressive long-term record of lending programs for business women and has recently recommitted themselves to helping women entrepreneurs start, grow, and keep their businesses going during the recession.

ILLINOIS MINORITY, WOMEN , and DISABLED PARTICIPATION LOAN PROGRAM (MWD/PLP)

Small businesses that are 51 percent owned and managed by women, minorities, or who are disabled may be eligible for microloans up to $50,000. All businesses must employ fewer than 500 full-time employees.

The Department’s interest rate will be established at the time of its loan commitment. DCEO’s interest rate on this program variation may be lower than on a regular participation. Funds available for this program can be used for a number of business activities, such as purchase and installation of machinery and equipment, working capital, purchase of land, construction or renovation of buildings. Funds cannot be used for debt refinancing or contingency funding.

MASSACHUSETTS BDC CAPITAL COMMUNITY LOANS FOR WOMEN AND MINORITIES

BDC Capital provides community loans to companies that are minority or women-owned, not-for-profit, employ a predominantly minority workforce, or demonstrate a direct positive impact on economically disadvantaged areas.

The loans may be used for equipment, real estate, working capital or any other reasonable business or community development purpose.

GRAMEEN BANK

Nobel Prize winner Muhammad Yunus, founder of the successful Grameen Bank women’s microloan program in Bangladesh, has come to New York, the global center of capitalism, to do what American banks won’t do. He is lending money to poor women. According to their website, Grameen lends nearly $100 million in microloans every month.

WISCONCIN’S WOMEN’S BUSINESS INITIATIVE CORPORATION

WBIC offers microloans up to $100,000 with special programs for women small business owners. In addition to lending programs for women they also offer education programs, seminars, and business assistance and referral services.

The City of West Allis has teamed up with WWBIC to provide support to West Allis entrepreneurs. Through the use of Community Development Block Grant (CDBG) funds, WWBIC can lend up to $25,000 for small businesses in the city of West Allis.

WBIC does not lend to nonprofit organizations.

CIT

CIT Small Business Lending Corporation is one of the nation’s leading providers of Small Business Administration (SBA) loans. They have been designated a Preferred Lender by the SBA which gives them the authority to make credit decisions on behalf of the US government. This enables them to process loans more quickly and efficiently than many other SBA lenders so you can get the financing you need quicker.

*Remember! before seeking out a loan, try bootstrapping, entering contests, or borrowing from friends and family.

Fairfield Inn & Suites is giving away $20K in a small business contest

8 Aug

Fairfield Inn & Suites is launching a program to support this critical part of business. Ten small business owner finalists will receive 15 free nights at Fairfield Inn & Suites for the sole purpose of traveling around the country building their business, all while competing to win $20,000!

About the Challenge

The judges will select 10 small business finalists and follow them not only as they travel around the country, but also as they strive to meet their business goals. Finalists will publicly share their journey by blogging, tweeting and posting photos. Finalists will be notified by September 9, 2010 and the program kicks off on September 13, 2010.

About the Grand Prize

After three months of traveling the country and working through set business challenges, the judging panel, comprised of small business experts and Marriott International executives, will award one of the 10 finalists the grand prize of $20,000.

About the Judges

John Jantsch, celebrated author and entrepreneur, has been called the World’s Most Practical Small Business Expert
Shruti Gandhi Buckley, Vice President, Global Brand Management, Fairfield Inn & Suites.
Drea Knufken, Senior Writer, Business Pundit
Maisha Walker, President, message medium, and columnist for INC Magazine
Nicole Marie Richardson, Senior Editor of Special Projects, INC.com

Deadline is August 20th so enter now at www.fairfieldchallenge.com

Have an Idea for a marketing firm?? then listen up, there’s a million dollars up for grabs .

8 Jul

MDC Partners, the holding company based in Toronto that owns agencies like Crispin Porter & Bogusky and Kirshenbaum Bond Senecal & Partners, has just recently introduced a “Million-Dollar Challenge.”

Entrepreneurs are invited to submit business plans for agencies in any area of marketing communications.

MDC will review the submissions, choose at least one plan from among 10 finalists and invest $1 million in starting it up in exchange for a 51 percent stake in the new shop (giving up 51 percent of the company means you will not have control of the company. Effective control rests with the majority stakeholder, so make sure you are okay with that before you proceed).

The sole criteria for submitting a plan is that “you do brilliant work, you want to make brands famous and you want to drive results for clients.”

Please send proposals to MDC at this e-mail address: startup@mdc-partners.net.

For more information you can visit www.mdc-partners.net

If you have any questions or comments, please feel free to fill out our comments box.

Want to Pitch to Investors? Funding Post is making it possible!!

29 Jun

Do you want to pitch your business idea to a panel of investors in hopes of securing funding?


Check out Funding Post ‘s “Pitching across America”

FundingPost will be looking for the “hottest” emerging companies to “Pitch” to investors across America! It couldn’t be easier to enter – all you have to do is have an active FundingPost Entrepreneur Account and enter the competition between June 15 and August 30, 2010. In its 7th year, with over 100 VC and Angel Investor Judges, this is the largest venture competition ever hosted!

To Enter your Company in Pitching Across America™ 2010 you must sign up for a Funding Post account which you can access here http://www.fundingpost.com

Once you have completed your FREE company funding profile Funding Post will report back to you on how many Venture Capital sources and Angel Investors may be interested in funding your business. After you complete your company profile and are ready to raise capital from their Venture Capital and Angel Investor network, you can choose to activate your company profile. If you want Funding Post to activate and showcase your company profile to its venture capital and angel investor network, the fee will be $100 for the initial 3 month listing. After the initial 3 month listing you will be charged $30 a month for as long as you wish to remain in their investor network. Active business profiles are showcased to the thousands of Venture Capital funds and Angel (Private Investor) groups ($106.82 Billion) within their funding / corporate finance network.

A panel of 100+ Venture Capital and Angel Investors will act as “judges” in this competition, read Company profiles online, and rate them from 1 – 10 (10 being the best possible score):

There will be 50 Top-rated Companies selected from across the US, and 1 Company will be selected as the Top Emerging Company in America. These companies will receive exclusive access to pitch to Investors at FundingPost CEO events, inclusion in a featured VC mailing, a full year listing on FundingPost online, and the Top Emerging Company will even be able to pitch for free at every FundingPost event nationwide! All of the previous years winners have raised capital since winning the competition!!

Competition : http://www.fundingpost.com/pitch-america.asp?refer=paama2

Good Luck!

Money, Money, Money-Grants, Loans, and one Contest

6 Jun

Hi Ladies,

We at the City Girl Business Club know that it can be a very daunting task trying to find funding for your small business, this is why we try to bring you as many resources as we can.

CONTEST

Pitch.co Would you like to win $50,000 for your business?

Let .CO help turn it into a reality! .CO is the new web address that offers people and companies more choice in branding their online presence with a truly global, recognizable and credible domain. Enter the Create Your Opportunity Contest for a chance to win your your ideal .CO domain and $50,000!

You can enter the Create Your Opportunity Contest between May 4 and June 14 by registering on Pitch.co and telling us and the world about your big idea, your ideal .CO web address and why you should win the contest. The more thorough, well thought-out and passionate your pitch, the more likely it is to get lots of votes from the public. Once you submit your idea, you’ll want to promote it like crazy. Get on Facebook, email, Twitter, your phone and wherever else and beg, borrow or plead to get your friends, family and strangers to vote for your entry. You must be at least 18 years old (or the legal age of majority in jurisdiction of residence if older than 18) and a US resident to submit an entry.

Go to www.pitch.co for more information and to enter.

GRANT PROGRAMS

Girls Going Places Entrepreneurship Award Program
This program gives grant money away every year to girls between the ages of 12 to 18. Applicants must demonstrate a keen interest in entrepreneurship, and must show how they are making a difference in their communities and schools.
Grant Amount: $2,000
www.guardianlife.com/womens_channel/girls_going_places/girls_going_places.html

Huggies Mom Inspired Program

The Huggies® MomInspired™ Grant Program is awarding up to $15,000 in seed money as well as business resources to further the development of original product ideas and startup businesses. Huggies® does not specifically seek ideas that are diaper or hygiene related. Available grants range from $1,000, $5,000, $10,000 and $15,000 based on the applicant’s business needs and goals.

https://www.huggiesmominspired.com/About.aspx

Caleb Brown Community Business Grant Program
Caleb Brown Venture Capital and Consulting is a Chicago-based, minority-owned VC, that manages a community business grant program that gives away cash awards and more than 6,000 consulting hours to national business enterprises.
Grant Amount: Up to $12,000
www.calebbrownonline.com/Grant_Application.html

FHLB Economic Development Program (EDP) Plus Grants
EDP Plus grant funds are available to help member institutions of the Federal Home Loan Bank of Dallas meet their community development needs. It’s a first-come, first served noncompetitive small business grant program, designed to provide capital to under-served areas or to under-served populations in Texas, New Mexico, Arkansas, Louisiana, and Mississippi.
Grant Amount: Up to $25,000
www.fhlb.com/community/cip_edpplus.html

Green Heroes Grant Program
The Green Heroes Grant Program will give green to those who do green. Through this initiative, the makers of Green Works® natural cleaners, with help from Jane Goodall’s Roots & Shoots, will award $60,000 in grant funding to individuals, organizations and schools that are making their communities a greener place.
Grant Amount: Varies
www.greenworkspresskit.com/Green_Heroes_Grant_Program.html

MillerCoors Urban Entrepreneur Series (MUES)
This series is an annual competition for minority business owners sponsored by MillerCoors. Launched in 1999, to encourage entrepreneurship in urban areas, the competition has just celebrated 10 years of giving away business grants to applicants who submit the best business plans. The Urban League is a huge partner in this initiative.
Grant Amount: $25,000 – $100,000
www.millercoorsmues.com

Overseas Private Investment Corporation (OPIC)
OPIC is a U.S. government agency that helps companies invest overseas, and create economic development in new and emerging markets. They have a Small and Medium Enterprise Financing program that provides business grants to companies with annual revenues of $250 million or less.
Grant Amount: Varies
www.opic.gov

Rural Business Enterprise Grants (RBEG) Program
This program provides grants to finance the development of small and emerging businesses in rural areas. The funds can be used for land acquisition, construction, renovation, technical assistance, project planning, and more.
Grant Amount: $25,000 – $100,000
www.rurdev.usda.gov/rbs/busp/rbeg.htm

U.S. Dept of Energy’s Inventions and Innovation
This program offers financial support to individuals and small businesses who develop energy-saving concepts and ideas. Business grants are awarded to companies who stand out during their competitive process.
Grant Amount: $50,000 – $250,000
www1.eere.energy.gov/inventions/

VetFran Business Grant Fund
This fund, sponsored by the IFA Educational Foundation and the PepsiCo Foundation, gives grant money to veterans who have been awarded a franchise through the IFA VetFran program. Applicants have to write a 500-word essay, and the grant money must be used for business development, education, training, etc.
Grant Amount: Up to $10,000
http://emarket.franchise.org/misc/VetFran_BusGrnt.pdf About The Grant Fund
www.franchise.org/Veteran-Franchise.aspx – About The Franchise Initiative

LOAN PROGRAMS

Community Express
Community Express is an SBA pilot, 7(a) loan program for small businesses in low and moderate income areas. Lenders are not required to take collateral for loans up to $25,000. Lenders may use their existing collateral policy for loans over $25,000 up to $250,000.

Microloan Program

Provides very small loans to start-up, newly established, or growing small business concerns. SBA makes funds available to nonprofit community based lenders which, in turn, make loans to eligible borrowers in amounts up to a maximum of $35,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level.
Accion Small Business Loans
Offers flexible loans (up to $50,000) to small business owners who have limited or no access to traditional business credit, including women and minorities.

Basic 7(a) Loan Program
For starting, acquiring and expanding a small business, 7(a) loans are the most basic and most used type loan of SBA’s business loan programs. Borrowers must apply through a participating lender institution.

Make-mine a million M3 competition-June 14th an 15th

7 May

Ladies! If you are looking for a way to grow your business with the help of some of the best experts around, you might want to check out the “Make mine a million” program from Count me in.

“Count Me In for Women’s Economic Independence is the leading national not-for-profit provider of resources, business education and community support for women entrepreneurs seeking to grow micro businesses to million dollar enterprises. Make Mine a Million $ Business is a program of Count Me In for Women’s Economic Independence — and founding partner, OPEN from American Express®. Count Me In introduced the Make Mine a Million $ Business to help women entrepreneurs grow and build sustainable enterprises, create jobs and develop innovative products and services. The M3 Award provides a combination of coaching, financing and marketing tools that will help you take your business from micro to millions”.

About the competition: The next Make Mine a Million $ Business Competition will be held in Newark, New Jersey on June 14 and 15, 2010 at the New Jersey Performing Arts Center.

Eligibility The company must be at least 50% owned by at least one woman who is a U.S. citizen or legal resident. The business should be at least two years old and have annual revenues of at least $200,000. The company’s product or services should have (in the judges’ opinion) the growth potential to achieve $1 million or more in annual revenues within two years. The owner(s) should have four or more years of relevant industry experience. The business must show a reasonable debt-to-equity ratio (in the subjective discretion of the judges) including the capacity to assume additional debt. The owner has a personal credit history which is satisfactory to the judges.

All Applicants who are selected as Finalists must attend the Event at their own expense and be willing to participate in the coaching program, related public relations events, and promotions for the Make Mine a Million $ Business program and its Sponsors and other partners. In some cases applicants may be asked to change the event/location to which they have applied. You will be notified by Count Me In if this occurs.

Award Business coaching from Count Me In’s coaching partner, The Coach Connection
Count Me In’s Capital Concierge Service – personalized assistance from Count Me In experts who will help you prepare your financials to pursue financing through SBA lenders, plus access to American Express Platinum Card for selected Awardees
Press coverage for you and your business from American Express OPEN through local and national television, newspapers, magazines, radio and blogs
Business Membership to a Sam’s Club near you, providing great discounts and services including access to health insurance and health care, merchant credit card processing solutions, and marketing and website management , for one year.
Membership in WIPP, a bipartisan public policy organization, will help you identify the issues that affect your bottom line and provide assistance obtaining federal contracts, capital, technology and energy opportunities.
Discounts on select shipping and office and print services from FedEx
Opportunities to reach new national markets with partners like their Founding Sponsor American Express OPEN, plus Dell, FedEx and Sam’s Club and more.
Membership in an exclusive network of Make Mine a Million $ Business Awardees, a group of successful entrepreneurs and no-nonsense experts dedicated to answering your questions and helping you grow on a daily basis.

Application Deadline The deadline for applications is May 15th, so you may want to apply now at http://www.makemineamillion.org/competition/step1.

Looking for Angel Investors?

20 Mar

Finding an Angel Investor for your business can be a difficult process, however Angelsoft.net makes it very easy.

Angelsoft is a platform that angel investor groups, and many VCs use to manage deal flow. It is an automated system that allows an entrepreneur to submit information to one or many early stage investors in one application process.

Angelsoft is the leading business planning and funding platform on the web today. 20,000+ investors trust the Angelsoft platform to manage their end-to-end deal flow and manage their early equity investments.

Special mention: Golden Seeds is one of the the Angel Groups featured on Angelsoft.net. The reason they get a special mention is because they are a woman owned organization, and  they invest solely in women owned companies.  To find out more about Golden Seeds, you can visit their website at www.goldenseeds.com.

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