Webinar - How to Finance a Black Women-owned Business in 2018

WASHINGTON - June 25, 2018 - PRLog -- Maggie Lena Walker was the first female bank president of any race to charter a bank in 1902. Black women have continued down this path of entrepreneurship. According to one report, "the number of businesses created by black women in the United States alone is up more than 460% over the last 20 years, making them the fastest growing group of entrepreneurs in the nation."

Of course, we've known this for some time, and have the track record to prove it. We launched MinorityFinance.com (http://www.minorityfinance.com/about-us.html) in 1998 and noted that 65% of the inquiries from the site came from Black women. The key issue then, and now, is money: "according to the Diane Project, black female founders are only able to raise an average of $36,000 in venture funding, while start-ups owned mostly by white males have received on average $1.3 million." We will provide data-based advice and instruction, based on our years of experience, to help you over this hurdle.

While others have come along after our launch, we remain active and at the forefront. See: Small Business Financing, Black People and Venture Capital https://youtu.be/gXGBEUoxHHs



Our webinar will provide information on the current state of Black women businesses. We will provide actionable information, information you can use, concerning Resources for Black Business Women.

AGENDA

• Business Planning

• Your credit history

• Data and Resources for Black women businesses

• The best non profit, local/state/federal resources

• Steps in the small business financing process

• Protecting your idea: intellectual property rights

• What type of financing products and sources/investors/lenders are best for your business: banks, credit unions, factors, hard money lenders, crowdfunding, credit cards, venture capital, digital currency, ICOs.

• Should you go to a venture capitalist? If so, which one? How should you approach them? What should you say?

SPECIAL GUEST - Gwen Hurt is the founder and CEO of Shoe Crazy Wine. Her goal is to make her company a national brand. On June 15th, the firm was invited to present Shoe Crazy Wine during WalMart's open call initiative, and, as a result, by 2019, will be sold in Walmart stores. Ms. Hurt will discuss her ongoing entrepreneurial journey.

PLEASE RSVP AT https://blackwomenbusinessfinance.eventbrite.com