When Community Business Academy graduates are ready to pursue financing, Good Enterprises provides comprehensive assistance and resources to keep the business’ momentum moving forward. Whether an entrepreneur needs access to funding for staff, a physical location, inventory or equipment, this program will assist graduates with knowing what type of capital is best, and how to get started.
Lowcountry Local First’s team pulls from an extensive network of financial partners and community lenders in the area who specifically provide support for small businesses and entrepreneurs.
Does Good Enterprises lend money?
No. Good Enterprises works with a network of financing partners that specifically focus on providing small business loans. We focus on being the entrepreneur’s advocate in the process.
What kind of financing assistance do you offer?
Through our Capital to Credit Program, we can help you:
- Review your credit report and improve your score
- Ensure that your financials are in order
- Gather the documents you’ll need
- Quickly find the options for financing that are right for you
- Save time by simultaneously applying to multiple sources of financing
- Gain preferred access to our network of financing partners
- Get expert advice to select your best option
Work with a coach to maximize your financial performance
How does it work?
You’ll work with a coach to go over your business goals and create a financial action plan to get your business investment-ready. Your coach will work with you every step of the way to package and submit all necessary information, answer questions, and help you make the best choices.
Am I personally responsible for the loan commitment to my business?
Yes. All lending to small businesses at the start-up level is based on a personal guarantee of loan repayment.
Will a lender want to know my credit history and / or credit score?
Yes. This information is almost always required. However, our partners are typically nonprofit organizations who are dedicated to providing access to capital, even if your situation is particularly challenging.
How can you help me with my credit?
You’ll work one-on-one with a business coach to go over your credit report line by line. If necessary, the first step may be to pursue a “Credit Builder Loan” that can help boost your credit score within just a few months.