October 22, 2013
MBA Growthbridge Fund website launches
The Cincinnati USA Regional Chamber's Minority Business Accelerator launched the official L. Ross Love Growthbridge Fund website this week. The website provides Fund details and FAQs, as well as background on the Fund's namesake, the late L. Ross Love. Earlier this year during the MBA's signature Annual Stakeholder event, the Fund was highlighted as a preview and a call to investors to help reach the $2 million dollar goal to officially launch.
The Growthbridge Fund is designed to give the region's African-American and Hispanic-owned firms another option when it comes to financing and their business needs. "We have a lot of traditional lends here who have done a great job of providing capital to the minority business community, but traditional banks struggle in this area because it's such a leap of faith in some ways. This fund fits that hold but also plays well with other pieces of capital that are out there," says Crystal German, Vice President of the Minority Business Accelerator.
The Fund itself has not officially launched, however there is the opportunity to start the initial screening process for companies who have an interest in this fund. For more information visit www.growthbridgefund.com.
More funding opportunities for minority businesses...
With the opportunities for small businesses to obtain grant funding almost disappearing from the financing landscape and when available the process has become cumbersome and confusion, Chase Bank has stepped forward with a simple way to apply for grant dollars. The only requirements for the grant application is to tell the public about your business and the things that make your company successful in what it does. Now through October 31, 2013 the Mission Mainstreet Grant website is accepting submission from businesses with less than 100 employees that have been in business for two consecutive years and owned by a U.S. resident owner 18 years of age or older. More information and application