October 10, 2018
Columbus Funds ~ Understand How To Fund Your Small Business or Social Enterprise In Columbus, Ohio
For the past 25 years I have worked with entrepreneurs to get their businesses funded. I have seen the frustration on the faces of many business owners as they pitch and apply for funding only to be turned down over and over again. The challenge many people face is really self inflicted. Many times they are seeking the wrong capital for their type of business and/or stage of business. People really need to understand that there is a funding continuum and if you want to succeed in funding your business you need to make sure that your type of business, the timing of your request and the funding source all match up.
To help entrepreneurs understand how to navigate the funding system in Columbus The Ohio SBDC at Columbus State has partnered with Social Ventures to present the inaugural Columbus Funds event. The event will be held Monday, October 15, 5:30 – 8:30 at Rev1 Ventures (Yes, there will be food).
I will be moderating the Start-up Enterprise Funding Environment in Columbus panel. We will be discussing the how to of funding from bootstrapping and small business loans to various equity investor options. This event is designed to help both for-profit and non-profit start-up entrepreneurs fully understand the risks and benefits of all funding sources available today.
The Start-up Enterprise Funding Environment in Columbus panel will be:
- Anique Russell, co-founder of social enterprise Too Good Eats, will share her experiences with securing early stage funding to launch and grow the business.
- Jerome W. Jones is a Business Consultant with The Small Business Development Center at Columbus State Community College. Jerome will provide a broad overview of the various types of funding typically available to small businesses, and the pros and cons of each.
- Allen Proctor, President and CEO, SocialVentures, will share information about Social Ventures Fund, a fund that is managed by SocialVentures, invests in social enterprises that are profitable and looking for capital to grow. Allen will also discuss Kiva Columbus. Kiva helps financially excluded entrepreneurs fund their dreams by providing access to 0% interest capital and a community of 1.6 million supportive lenders.
- Andre Gibson is the Regional Director Business Development for Sycamore Commercial Lending. As Regional Director Business Development, Andre is responsible for building referral relationships with key banking and community partners in Indiana, Ohio, Michigan, and Illinois. The goal of these relationships is to create loan opportunities for minority, women, and veteran owned businesses using the SBA 7 (a) term loan product.
We will have great content on funding a small business or social enterprise and we are leaving plenty of time to address your questions.
The cost to attend is $10 per person. Registration is required as space is limited. For more information and to register visit the Columbus Funds event site.