21-12-09 Preparing your Business's Financial Future
On Thursday, December 9 at 5:30PM, the Path Forward and partners are hosted a free virtual event for local Black-owned businesses and entrepreneurs. During the session, participants heard a presentation from the Louisville Small Business Development Center regarding budgeting and cash flow; leveraging financial projections; and funding options (grants, loans, investors). This was followed by a special presentation from Hope Credit Union on a new loan program with lending up to $250,000. This is one of many opportunities intended to help Black businesses start-up, stabilize, and scale. Interested individuals can register to attend by visiting https://lul.org/event/rtbi129/.
Partners involved in planning the event included the Louisville Urban League, AMPED’s Russell Technology Business Incubator, Louisville Small Business Development Center, Buy Black Lou, the Black Business Association, and Hope Credit Union.
About the Partners
The Louisville Urban League assists African Americans and those at the margins in attaining social and economic equality and stability through direct services and advocacy. For more information, go to lul.org or follow us on Facebook, Twitter (@louisvilleUL), or Instagram (@louisville_ul).
AMPED Russell Technology Business Incubator is an intensive, year-long business incubator for Black and Latinx founders. Located in the Russell neighborhood, its goal is to create legacy businesses by providing comprehensive supports that include 1-1 coaching, education, mental health services, wealth advisory services, meaningful direct funding, and more.
HOPE (Hope Enterprise Corporation, Hope Credit Union, and Hope Policy Institute) provides financial services; aggregates resources; and engages in advocacy to mitigate the extent to which factors such as race, gender, birthplace, and wealth limit one’s ability to prosper. HOPE has generated or leveraged more than $3.1 billion in financing that has benefitted nearly 2 million people in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee.
Buy Black Lou is the premier Black Business Directory in Louisville. Its Facebook group boasts a following of more than 30,000 businesses and consumers focused on supporting Black-owned businesses in Louisville. The Black Business Association Portal is the ultimate resource for planning, launching, and growing a business. Together we are building an Ecosystem to inspire and equip our entrepreneurs by providing business education, resources, mentors, and networking opportunities.
The Louisville Small Business Development Center provides one-on-one coaching at no cost to existing and potential entrepreneurs in the Louisville region. It also meets the educational needs of the local small business community by offering a variety of low-cost training programs taught by industry experts and qualified SBDC Coaches.
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