How to Finance a Black Women-owned Business in 2020
Maggie Lena Walker was the first female bank president of any race to charter a bank in 1902. Black women have continued down this path of entrepreneurship. According to one report, "the number of businesses created by black women in the United States alone is up more than 460% over the last 20 years, making them the fastest growing group of entrepreneurs in the nation."
Of course, we've known this for some time. We launched MinorityFinance.com in 1998 and noted that 65% of the inquiries from the site came from Black women. The key issue then, and now, is money: "according to the Diane Project, black female founders are only able to raise an average of $36,000 in venture funding, while start-ups owned mostly by white males have received on average $1.3 million."
We provide data-based advice and instruction, based on our years of experience, to help you over this hurdle. Our webinar provides information on the current state of Black women businesses. We provide actionable information you can use to get financing for your business.
RSVP at: https://www.eventbrite.com/e/how-to-finance-a-black-women-owned-business-in-2020-tickets-47410105903
The feedback from the our 2018 webinar, held on July 18th, August 10th and August 24th, was uniformly positive. (For a Black Enterprise article on that webinar, see: https://www.blackenterprise.com/webinar-black-women-founders-capital/ ) Eighty five percent (85%) of our customer satisfaction survey respondents found the webinar useful. Seventy one percent (71%) rated the webinar excellent.
• Business Planning
• Your business credit history: Dun and Bradstreet
• Data and Resources for Black women businesses
• The best non profit, local/state/federal resources
• Steps in the business financing process
• Protecting your ideas: intellectual property rights
• What type of financing products and sources/investors/lenders are best for your business: banks, credit unions, factors, hard money lenders, crowdfunding, credit cards, venture capital, digital currency, ICOs.
• Why you should seek out venture capital these days. Which ones to go to. How you should approach them.
NOTE: ATTENDEE LINK WILL BE SENT TWO DAYS PRIOR TO WEBINAR.