For many people, the nation’s economy is still greatly affecting them. And for those who have a deep desire to start a business but don’t have the funds, where can they look for that? Credit interest rates are high, loan rates are high, investors want a lot of equity, and there is so much risk out there. Luckily, there are some alternative ways to receive funding. Alternative funding can be compared to a cash advance essentially. The Corporation for Enterprise Development (cfed.org) helps low and middle-income households get to programs that will help them get to a path of financial security. The opportunities made available through CFED are access to the resources that will help you build your assets. It’s policy agenda focuses on financial assets and income, businesses and jobs, housing and homeownership, education, and health care.
Another company that helps create opportunities for entrepreneurs is the Association for Enterprise Opportunity (microenteroriseworks.org or aeoworks.org). Through them you are able to find a mentor and network with other small business owners. There’s been a trend recently that you may have heard of, Small Business Saturday, which is essentially about shopping at your local small business to contribute to the economic growth of the nation. AEO basically functions as such by promoting this interaction between owners. It has a green initiative to help the environment as well as save on costs for small businesses.
Both websites of these Alternative Funding Organizations have links to all the initiatives, policies, and programs that they are offering or making users aware of as a resource. Most requirements are that you must be within an income range to obtain help from these organizations. These sites have the links to the sites where you would apply so the requirements of those specifically may vary. However, I recommend both as a good central point to help you financially. They provide a huge network, which just like in entertainment, you need!