Insights into the world of small business lending and development

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Tuesday, October 22, 2019 | Access to Capital, Business planning and strategy, Marketing and research, Mentoring and networking

This is the final post in our series, “Turn your bright idea into a business.” Check out our other posts on validating your idea, running the financialsand testing the waters by starting small. 

You’ve been thinking about starting a small business for a while, and you’ve even done your homework to try out your idea. Hopefully you’ve read our other posts in this series for advice on validating your idea, doing a bit of market research, thinking through the financials and testing the waters by starting your business on the side. While you’ve successfully taken some steps towards becomi...

Thursday, October 3, 2019 | Access to Capital

This post originally appeared on the blog of our partner, CDC Small Business Finance.

As an organization committed to creating access to capital for Latino entrepreneurs, we feel it is critical to share a look at the state of Latino-owned businesses. We encourage everyone to ask themselves if they are stepping up to support Latino small business growth and success.

DID YOU KNOW?

There are more than 4 million Latino entrepreneurs in the nation. In California, a quarter of all businesses are owned by Hispanic entrepreneurs. But in spite of this entrepreneurial clout, Latino...
Wednesday, September 25, 2019 | Access to Capital, Business planning and strategy, Contracting opportunities, Financial tools and management, International trade, Mentoring and networking

National Hispanic Heritage Month runs from September 15 through October 15, and it’s the perfect time to celebrate the contributions of Hispanic small business owners to our nation’s economy and discuss how we can help them thrive and grow their businesses.

Hispanic-owned businesses generate significant economic benefit, spurring innovation and building wealth in diverse communities throughout America. Hispanic-owned small businesses are opening at a rate far above the national average, with the Hispanic share of all U.S. business owners growing 46% between 2007 and 2012. To encourag...

Tuesday, September 24, 2019 | Retirement

When you work for a large company, decisions about saving for retirement are often made for you—your employer likely offers some sort of savings account that provides tax benefits for you to save for retirement, and may even match any contributions you put into that account. But when you’re a small business owner, you have to navigate the retirement savings process alone, which can be stressful. It may seem even trickier if you have employees and need to set up a plan by yourself. But there is a lot of good news:

You have MORE options than does the average large corporation. There...
Sunday, September 22, 2019 | Access to Capital, Business planning and strategy

This is the third post in a series on how you can turn your dream of owning a small business into a reality. If you missed Part 2 in the series, you can find it here. Check back each week for new posts.

Once you’ve figured out that your business idea has legs and makes financial sense, the next step is to try it out. Many entrepreneurs like to dream big as they’re first launching a business—they picture their business with their own office, retail location and staff. Dreaming big is great, but starting small gives you the opportunity to test out your business ideas and perfect them b...

Wednesday, August 21, 2019 | Access to Capital, Business planning and strategy

This is the second post in a series on how you can turn your dream of owning a small business into a reality. If you missed Part 1 in the series, you can find it here. Check back each week for new posts.

There are many excellent reasons for starting a business: being your own boss, loving what you do and enjoying the challenge of getting your enterprise up and running. But at the end of the day, you need your business to make money. Now that you know that your business idea has legs, it’s time to see if your business makes sound financial sense.

Starting any business costs mon...

Monday, August 5, 2019 | Access to Capital, Business planning and strategy, Financial tools and management

Venturize is excited to announce a new partnership with CO.STARTERS, a network that helps communities build thriving entrepreneurial ecosystems by equipping them with strategy, tools and resources. You can now find their locations on our resource map. Kamiya and Tess are just one of many success stories to come out of a CO.STARTERS program, and you could be their next. 

Denver student Kamiya Willoughby is challenging preconceived notions about a popular type of food that is often construed as unhealthy and unsophisticated. 

“Soul food is...

Wednesday, July 31, 2019 | Access to Capital

This post originally appeared on the blog of our partner, CAMEO

Women-owned businesses with revenues between $250,000 and $5 million struggle to find the loans they need to grow their businesses – that’s according to a new survey of women business owners about their capital needs by Invest in Women Entrepreneurs Initiative (I-WE).  Thus, an undercapitalized group of successful and established women entrepreneurs don’t have access to the financial tools they need to grow their businesses, create jobs, and contribute to our country’s economic output.

Thursday, July 25, 2019 | Access to Capital, Business planning and strategy

This is the first post in our new series about how you can turn your dream of owning a small business into a reality. Check back each week for new posts.

Congratulations! You have a great idea for a new business and want to start your journey as an entrepreneur. But starting a business can seem like a daunting task and you might need some help figuring out if you’re ready to turn your idea into a reality. Read on for tips to help you determine if your business idea has legs.

Validate your idea

Before spending any money on starting a business, do your homework....

Wednesday, June 26, 2019 | Access to Capital, Financial tools and management

This post originally appeared on the blog of our partner, CDC Small Business Finance.

If you’re on the hunt for a small business loan, how much you’ll pay in interest for affordable financing depends on several financial moving parts, from your credit score to the type of lender you work with.

Instead of going to a traditional bank, you can opt to get a business loan through a community-based lender where loan requirements are not as strict and rates are affordable. Interest rates vary from community lender to community lender. At CDC Small Business Finance, as...