ENCORE by: Tha Majorz

Sunday, January 15, 2012

Are you in need of Funding for your Business???

For this week’s post, I have researched a few websites that are available for people to obtain financial funding. As an entrepreneur looking to launch my business in the next couple of months, I will be searching for investors to assist in the funding for the start up of Big Bax Productions, LLC.

  The first site I visited was http://www.microenterpriseworks.org/ and I found some very useful information. This site is run by AEO (Association for Enterprise Opportunity).  AEO is an organization that supports entrepreneurs in starting and maintaining their business. One thing I liked about this site is that it gives its members an opportunity for secure a mentor that will assist them in starting their business the right way. Personally, I think that is a great feature to ensure that people know exactly what they are getting into and become aware of the steps they need to take to progress in their industry.  To become a member is very easy,  all you need to do is specify your type of organization and complete your standard information where it asks you. Great website in my opinion for entrepreneurs.

The second site I visited was http://www.cdvca.org/. The CDVCA (Community Development Venture Capital Alliance) is network for people in the field of community venture capital investing (CDVC).  They specialize in funding companies that are in underinvested markets and companies in search of market-rate financial returns.  Each CDVC fund has its own unique criteria and process one must undergo to receive funding. They do allow you to submit business plans online. This site is a good site for low-income entrepreneurs to receive financial assistance to make their business idea come to life.  One thing I noticed about CDVC funding that I did not know before was that they really look for companies that will benefit the community as far creating jobs.

Be sure to check out these sites if you are looking for funding for your business!!!


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