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capital access, lban

Don’t miss this Free Resources for Small Businesses Webinar! 

Don’t miss the next session of the Latino Business Action Network (LBAN)  virtual 6-part series supported by Bank of America, “Resources That Matter for Latinx Entrepreneurs During These Times of Uncertainty.” The 6 part series is designed for entrepreneurs and key members of their team and covers important topics such as economic market forecast, capital access, customer acquisition, resource building, and networking. 

capital access

Resources That Matter: Session 3: All about capital Part 2

The next FREE webinar will stream on Thurs, June 24 at 1pm PST / 4pm EST. This upcoming session is a continuation of last month’s conversation on capital access and financial resources. 

Register Now! Session 3: Capital Access Part 2 – June 24th 

What is the impact of not having a banker?

“‘Have a banker before you need a banker’ is one of the best pieces of advice as it relates to capital,” LBAN says. “Capital is a key component in a company’s ability to scale. Unfortunately, not having an established lender is one of the barriers to accessing capital. In addition, we know that Latino-owned businesses are less likely to get their funding needs to be met. The research findings in Ongoing Impact of COVID-19 on Latino-owned Businesses found that 17% of Latino-owned businesses reported that they lacked an established banking provider that prevented them from accessing Round 1 of PPP funding in 2020.” 

This series will help you learn first hand from lenders about how to identify quality bankers and how to continuously engage with them in a way that builds a strong relationship, ensuring the best opportunity for your capital needs. In addition, participants will learn how to structure a one-page funding request, describing their company, their capital needs, and their deployment strategy. 

Don’t miss out on this great opportunity to gain crucial capital insights and knowledge to help your business grow and propel you forward in 2021 and beyond. 

You might be interested: Latina Leaders share small business post-Covid recovery resources 

Latino Business Action Network

LBAN presents: “Resources That Matter: All about capital”

Don’t miss the next session of the Latino Business Action Network (LBAN)  virtual 6-part series supported by Bank of America, “Resources that Matter.” The series covers important topics such as economic market forecast, capital access, customer acquisition, resource building, and networking. 

Latino Business Action Network

Next virtual session May 27, from 1 PM – 2:30 PM PST. (Graphic courtesy LBAN).

During the Covid-19 pandemic, Latino-owned businesses used resilience, creativity, and innovation to survive. Today, the US economy is rebounding and experts are projecting an 8% growth in GDP.  What does that mean for small businesses? It means that small businesses can and should grow in 2021!

Access to capital is a critical component for growth.  We know there are existing barriers to accessing capital. The 2020 Ongoing Impact of COVID-19 on Latino-owned Business report identified a lack of banking relationship, and a lack of required application materials accounted for 39% of the barriers to accessing PPP.

Latino Business Action Network is committed to breaking down those barriers. Join two free webinars to learn the capital resources that will position you for future growth.  In these webinars you will understand the capital landscape, the types of products applicable for your company, how to leverage technology to ensure proper financial documentation, how to build a relationship with a lender, and how to create a one-pager for your company.  In addition, you will have the opportunity to network with growth-minded business owners from across the country.

You might be interested: Latina Leaders share small business post-Covid recovery resources 

The 6-part series is designed for entrepreneurs and key members of their team. From this series, you will hear from industry leaders, learn about essential resources, capital education, network with other growth-minded entrepreneurs, and you will inherit a growth perspective that will propel you in 2021 and beyond. 

Mark your calendar for May 27th at 1 pm PST and June 8th at 1 pm PST to gain the capital tools and resources so that you are best prepared for accessing capital and positioned for growth.  

Latino Business Action Network

Register today for the next virtual session!

Latino Business Action Network (LBAN)

The Latino Business Action Network (LBAN) is a 501(c)(3) nonprofit organization dedicated to strengthening the United States by empowering Latino business leaders to grow substantial firms that create jobs. Our goal to double the number of $10+ million, $100+ million, $1+ billion Latino-owned businesses in the U.S.by 2025. LBAN collaborates with Stanford University to champion the Stanford Latino Entrepreneurship Initiative (SLEI).