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Showing posts from November, 2016

Alternative Funding Sources

There are many alternative funding resources that provide access to businesses, including those that are music focused. Government funding opportunities, such as through the Economic Development Administration, are available for specific company structures. In addition, there are several other resources for funding and business training that are not restricted to specific structures. The Opportunity Finance Network is a membership organization comprised of Community Development Financial Institutions. Their goal is to “provide opportunity in disinvested areas that mainstream finance has left behind”. They offer several programs for business owners to either provide funding or development assistance. One such program is their “Business Plan for Growth Training” program that is spread out over two days and costs $995 to join. This network does not have a strict qualification requirement and is a great resource for CDFIs to have a greater impact in their communities rather tha...