1. Financing Your Business

2. three Essential Secrets to Funding Your Business
It’s a business!
Create a business plan that shows how you will pay back the money
Leverage with collateral
Don’t take it personally and don’t get in your way
It doesn’t have to be the most elaborate, academic business plan. It really isn’t that big of a deal and you can do it. Go on SBA website and just copy the format. You know your business and need to make it simple and digestible.
Don’t construct barriers where there are none 2

3. Know what type of funding you need
Cash Flow Financing
Debt Financing
Equity Funding
Import/Export Loans
Inventory Loans
Mezzanine Financing
Private Placement
Sale/Lease Back Funding
Turn Around Capital
Acquisitions Funding
Bridge Loans
Buy Out Financing
Construction Loans.
Equipment Leasing
First Stage Funding
Initial Public Offerings
Long Term Loans
Permanent Loan
Real Estate Loans
Seed Capital
Start Up Capital

4. Don’t require you turn over equity or company control
Commercial Banks
Don’t require you turn over equity or company control
Need history and collateral
Smaller loans available using personal credit history
Small Business Administration
No direct loans – guarantees 75% of loans
Business must show that it cannot obtain conventional financing
Nonproft Microlender
Easier underwriting criteria
High interest rates
May be required to do training
In summary: at WI, our focus is on a very needy population 4

5. Home equity loan/line of credit Factoring Customer or Suppliers
Friends and family
Business investors
Credit cards
Home equity loan/line of credit
Factoring
Customer or Suppliers 5

6. Local resources SafeBid Co,Santa Rosa Opportunity Fund, San Jose.. SF
OBDC, Oakland
SBDC, Concord
Count Me In
Keiretsu – Angel investors
Pacific Community Ventures 6

7. About Women’s Initiative
Train
Fund
Support
Founded in 1988
Nation’s largest microenterprise training and funding organization
Our Mission: Build the entrepreneurial capacity of low-income women to overcome social and economic barriers and achieve self sufficiency
Our program is culturally accessible and includes comprehensive business training, financial services, and post-graduate services 7

8. Client PROFILE 100% low-income 83% women of color
25% have limited or no English language proficiency
20% single parents
46% high school equivalency or less
41% of businesses are unbanked
Average business liabilities is $14,706
In summary: at WI, our focus is on a very needy population 8

9. Business status

10. Type of Debt

11. Average amount of Debt

12. Results
5 years after training, 70% of clients are running their own business
Clients’ personal incomes rise dramatically— from a monthly income of $1,185 prior to $2,079 one year after completion of Women’s Initiative program
Clients increase their average household net worth more than 300% within two years, from $12,968 before training to $53,572 after training.
Graduation from WI causes $10K per year increase in income within one year. But REAL impact of the program is seen in our clients (GRADUATE SPOTLIGHT HERE). 12

13. Graduate spotlight Corinthia Peoples Corinthia Peoples Designs
Leveraging:
Loan
IDA Matched Savings Program
Graduation from WI causes $10K per year increase in income within one year. But REAL impact of the program is seen in our clients (GRADUATE SPOTLIGHT HERE).
Graduated from Women’s Initiative in 2004
Launched Corinthia Peoples Designs shortly after
In 2007, opened Corinthia Peoples Designs Show Room & Studio in Berkeley
Her jewelry designs have been featured in the San Francisco Chronicle, The Examiner, Oakland Magazine, Bay Area Business Woman, and Comcast TV
Her designs have been featured at San Francisco’s Fashion On The Square, New York City’s FFF WEEK and graced the counters of the Bellagio’s Las Vegas Capri Bouquet 13

14. Financing Your Small Business
Julie Abrams
CEO
Women’s Initiative