You have come up with a business plan for that burning
desire to become your own boss and to release that creative drive that is
within you. You have spent several years
working and reading books and going to school to gain expertise and experience. You are now finally ready to start that
business and look for funding. You have
gone to the bank and they have rejected you.
What do you do now? Where do you
turn? How can you get help? Your young, low-income, low wealth without
good credit rating and you want to start your business in the community where
you’ve grown up.
Well don’t give up.
You’ve come too far. Did you know
there are programs out there to help you in your situation? In this article I will describe two such
programs that will help you get the funds and support you need to make your
dreams of being economically self sufficient become a reality.
The first program I will describe is called is the
Opportunity Finance Network, www.opportunityfinance.net. It is a national network of community
development financial institutions (CDFIs) whose main purpose is to help
low-income, low wealth, disadvantaged individuals who want to start businesses. These private financial investors have given
out more than 30 billion dollars to urban, rural, and native communities
through 2011.
The second organization, Community Development Financial
Institutions (CDFI) Coalition, www.cdfi.org, is
the unified voice of CDFIs. This
organization does all they can to ensure the underserved get equal opportunity
to resources. CDFIs have helped
thousands of businesses by providing:
·
Credit Unions
·
Community development loans funds
·
Training
·
Technical assistance
·
Retail banking services
·
Community development venture capital funds
These are just two resources that ensure that ambitious
underserved entrepreneurs get equal assess to finances and support so they can
fulfill their dreams of becoming economically self-sufficient.
Retrieved from http://www.opportunityfinance.net
Retrieved from http://www.cdfi.org
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