Ways to Fund Your Business: Launch a crowdfunding campaign

Explore a modern way to fund your business in crowdfunding Crowdfunding is a newer form of funding that puts some excitement into raising money for new products and/or business ideas. This kind of lending allows for the account creator to gain funds by asking for the support of family, friends, and fans. Websites like Kickstarter.com and

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2017 Annual Report: Expanding Opportunity

Another banner year for regional CDFI Pathway Lending and the businesses we serve 2017 was an incredible year for Pathway Lending, one in which we sought opportunity to help entrepreneurs create wealth and grow jobs at every turn. We’re proud to share our 2017 Annual Report with you. Enjoy stories from just a few of

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Ways to fund your business: Apply for a loan

When and how to use a small business loan to grow your business The bank is the first place many small business owners go for startup capital or a line of credit to grow their business. Before you pursue an online loan or launch a crowdfunding campaign, talk to your personal banker to learn what

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SUCCESS STORY: X-Cel Business Products

Former State employee launches office and medical supply business For more than 20 years, Memphis-based business owner Lonzell “Lonnie” Yates has operated X-Cel Business Products LLC to provide customers with “quality products and services that enhance customers’ productivity and profitability.” But he wasn’t always an entrepreneur. After a long career working in minority business development

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Success Story: Intrinsic Balance Chiropractic & Health Services

Alabama woman makes adjustment from franchise manager to chiropractic practice owner Dr. Morgan Fountain first named her business “Intrinsic Balance” as part of a project during her final year of chiropractic school. “Opening your own practice and being an entrepreneur is the end goal for most chiropractic students, but for me it was this amorphous

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Where will I get the money to start or grow my business?

4 sources of business funding for entrepreneurs Picture this! You’ve been working night and day on an amazing business idea. You have all the details worked out from the products and services to the marketing and pricing strategy, you even have customers who are ready to buy. There’s just one last item to check off

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This Summer: Free workshops for Pathway Lending clients

Summer classes for entrepreneurs at Pathway Lending Education is a critical part of our mission, so we’re offering free and reduced workshop rates for Pathway Lending loan clients this summer. Here are just a few of the workshops we’re offering this summer:   QuickBooks Online: Bootcamp for Business A crash-course on how to manage your

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Success Story: iDropped Cell Phone Repair

Skilled tradesman commits to dream of entrepreneurship Growing up in Jamaica, Tiekel Finnikin spent countless hours helping his grandmother while she sold toys, fruit, jewelry and everything in between. They’d even spend Christmas morning selling on street corners. “I learned early that before you ever try to sell your product or service, you have to

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Epicenter Partners with Pathway Lending and Three Financial Institutions to Launch Small Business Loan Fund in Memphis

MEMPHIS, Tenn. (June 11, 2018) – Epicenter, the nonprofit entrepreneurship hub in Memphis, and Pathway Lending, a regional nonprofit Community Development Financial Institution (CDFI), have partnered to launch the Memphis Small Business Opportunity Loan Fund, a $15 million fund intended to improve access to capital, particularly for minority- and women-owned businesses. Initial capitalization of the

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Success Story: Urban Story Ventures

Developers use energy efficiency loan program to upgrade historic buildings in Chattanooga’s Innovation District “The best way to explain what we’re doing with these old buildings is that we’re taking a horse and carriage and turning it into a Tesla,” says Jimmy White, President of Urban Story Ventures in Chattanooga. “Looking at the numbers, these

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