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31 Funding Resources for Black-Owned Businesses

Hubspot Sales

Less access to banking in Black communities and a history of discriminatory lending practices have made it harder for Black founders to secure loans or financial assistance. In recent years, a number of nonprofits, private equity firms, and grant programs have developed with the sole focus of supporting Black businesses. Union Bank.

Resources 131
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How You Can Contribute To The Betterment Of Society (video)

Pipeliner

He passionately argued that, at its core, philanthropy is about being a lover of mankind, and it doesn’t require a hefty bank account or fame to make a difference. Barron also highlighted the value of engaging with nonprofit organizations beyond financial contributions.

Video 64
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9 Business Grants For Black Women

Hubspot Sales

Walker, the first Black woman in the United States to become the founder of a bank or Rihanna, pushing the needle forward for true diversity in cosmetics, Black women know exactly what it means to bring ideas to fruition. Zions Bank Smart Women Grants. Some of the most innovative ideas have stemmed from Black women.

Banking 87
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Social Entrepreneurship: What It Is and Why Everyone's Talking About it

Hubspot Sales

They wrote a business plan, circulated the document to a bank, and worked tirelessly to scale their company and drive profits for themselves and their investors. Unlike nonprofits, social entrepreneurship still earns a profit, but focus is placed on the social or environmental change made while earning that profit. Love Your Melon.

Nonprofit 139
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10 Ways to Give Your Success to Others: How Sales Professionals Can Give Back

Sales Hacker

Find a cause of your choosing and set up a small, recurring monthly donation — say, $5 a month to your local food bank or animal shelter. You don’t need to be involved with a specific cause to serve as a board member for a nonprofit organization. So if you can’t give it away, don’t feel guilty. Serve on a board of directors.

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The 15 Best Crowdfunding Sites to Launch Your Business or Product

Hubspot Sales

Luckily, the bank isn’t your only option these days. For nonprofits and cause-based organizations exclusively, their most successful campaigns raise an average of $7,000. You can also expect payout fees charged for moving funds from your creator balance to your bank or PayPal account. LendingClub is not a bank.

Nonprofit 120
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6 Ways to Get Your Business "Investor Ready"

Hubspot Sales

Luckily, a bank loan isn't your only option these days. Donation crowdfunding: If you're a nonprofit or local business, donation-based funding might work for you. Debt crowdfunding: With this type of crowdfunding, you borrow money from other individuals instead of a bank. Now it's time to find investors to get it off the ground.

Scale 78