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The Common Collateral Fund is an innovative initiative designed to help new small businesses that struggle to secure start-up capital due to a lack of collateral. Recognizing that small businesses are vital for economic growth and job creation, this fund aims to empower entrepreneurs who may not have access to traditional financing options. By collaborating with community partners and small business development centers, the Collateral Fund will facilitate business launches and expansions, ultimately enabling these entrepreneurs to qualify for bank loans in the future.
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Common Collateral Fund(A Capital Sharing Concept) Support for new small businesses that cannot afford Start-up Capital
Collateral Fund • Small businesses are widely known as the Engines of economic growth and job creation. But very often new small businesses find it very difficult to raise needed start-up capital because these entrepreneurs have not been able to either save, inherit or borrow from a wealthy family or friend. • Many of these small business entrepreneurs struggle without success to get a bank loan because they don’t have the collateral to secure the loan.
Collateral Fund • Common Collateral Fund is created to serve as a unique source for this badly-needed requirement that will help kick off many small businesses and also job creation in our communities. • Collateral Fund will be in every community to work with small business development centers and other community partners to help these entrepreneurs start off or expand their businesses so that they can eventually qualify for bank loans.
GRAND LAUNCHING • The Grand Launching Event for the Fund is scheduled for: • August 22-24, 2013 • Place: Boston, Massachusetts • Address: TBD • RSVP: (508) 365-5503 • Email: info@capital-sharing.com
SPONSORS • Sponsors are needed to support the program launching event. • Please nominate strong Sponsors by sending out the word to them and indicating their nomination to the group through their approval. • Sponsors of the launching event will be known as • THE GREAT TRANSFORMERS • Of our Time!