Financing in the Entertainment Industry
When obtaining
financing most traditional businesses take the same route and try to obtain
financing from a bank. However since the
economy has changed over the years and so have people and business alternative
financing options have risen which make financing more readily available. There are organizations and other creative
ways to finance your business. I even
had someone explain that instead of going to school to get an MBA they took
that money to start up their business.
Great idea, but too late for many people who have already attended
college. There are many resources
available as far as funding goes.
One of the best
websites I found for information on alternative financing is www.cfed.org.
Here you will find information on tax breaks, entrepreneurship,
financial security opportunities, IDA programs, and even affordable
housing. Everything from funding for
college students and handling household expenses can be found on this
website. They also provide a unique approach to helping
families with household expenses and finances.
This is a great program. If we
can focus on good financial practices within individual homes this could expand
to helping boost the economy.
Another useful
website that helps many businesses with funding is NCIF.com. They have part of their enterprise focused towards
helping community banks. Which is
essential for many small businesses and mom and pop shops. If your not looking for funding you can also
find database tools, performance maps, and relevant links. NCIF uses screening to ensure that social responsibility’s
practiced during the entire lending process.
Lastly www.firstnations.org is a funding
resource geared more towards minorities such as Native Americans. The provide assistance with financial and
investor education, combating predatory lending, native American business and
asset development, strengthening native American non profits, and lastly native
foods and health. This website not only
focuses on lending it focuses on overall business development for Native
American business owners. The main
requirements include being of Native American decent. First Nations is trying to build
sustainability within their culture and build hope for their economy and
communities in the future.
