Ascent Funding, a local nonprofit – formerly known as Albina Opportunities Corporation – dedicated to helping minority and women-led businesses secure the funding and support they need, has arranged an event focusing on business loan applications.
“Many entrepreneurs are not prepared to apply for the business loans they need to grow,” says Robin Wang, executive director. “This event brings together business leaders, lenders, experts and organizations in the community who can share their experiences, advice and resources to overcome those barriers, lay the groundwork for funding and growth, and foster the trust that is essential for lending.”
The event, titled Breaking the Barriers to Capital, is scheduled for 2:30-5:30 p.m. Feb. 2 at the Curious Comedy Theater, 5225 N.E. Martin Luther King Jr. Blvd. Admission is $5. Registration and information are available at www.breakingbarriersbapital.org.
Among the discussion topics are ways to overcome the financing challenges facing young businesses, key factors that helped a “barely bankable” business secure a loan, the importance of confidence, when to be and not to be flexible, and proper preparation.
Three entrepreneurs who will share their experiences are Jamaal Lane, owner of Champions Barbershop and Barbering Institute; Paige Hendrix Buckner of ClientJoy; and Chris Guinn III of Dwell Realty. Local bankers will share their thoughts on actual loan applications, Wang said, and business support organizations will provide resources to help businesses “get loan ready.”