Fund Ready

Watch today's episode on YouTube for a visual companion!Good bookkeeping isn’t busywork; it’s the foundation of a healthy business. In our latest Lunch and Learn session, Taherra Martin, Director of Operations at Bee Administrative Solutions, walked founders through what to do now so tax season doesn’t become a monster later.Follow GNEC on social media:Facebook: GNECInstagram: @GNECNJLinkedIn: GNECWebsite: www.gnec.orgAs a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

Watch today's episode on YouTube for a visual companion!As an entrepreneur, it’s easy to focus all your energy on growing the business. Getting customers, increasing revenue, optimizing operations and managing cash flow are all critical to the day-to-day of owning a small business. However, one of the most important conversations often gets pushed aside: your personal financial health and long-term equity.That was the focus of Lunch & Learn featuring leaders from Prudential Financial. The discussion centered on a simple, but powerful idea: strong businesses are built by financially healthy individuals.Follow GNEC on social media:Facebook: GNECInstagram: @GNECNJLinkedIn: GNECWebsite: www.gnec.orgAs a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

Watch today's episode on YouTube for a visual companion!Discover how the Newark Regional Business Partnership (NRBP) helps small businesses grow! Ferlanda Fox Nixon, Esq., IOM, CAE, President & CEO of NRBP, shares insights on the Small and Emerging Business Initiative (SEBI), networking opportunities, and membership benefits. Learn how NRBP can connect you with the right resources to succeed.Learn more at newarkrbp.orgAs a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.Follow GNEC on social media:Facebook: Greater Newark Enterprise CorporationInstagram: @GNECNJLinkedIn: Greater Newark Enterprise CorporationWebsite: www.gnec.org

Watch today's episode on YouTube for a visual companion!In this episode of Fund Ready, we dive deep into the current economic landscape and how it impacts small business owners. Host Victor Salama, joined by Vikram Rai, Senior Economist at TD Bank, breaks down the U.S. economic outlook, key macroeconomic trends, and policy changes that could affect entrepreneurs and business owners.From interest rates and inflation to tariffs and small business lending, this conversation highlights actionable insights that entrepreneurs can use to stay ahead in an evolving economic climate. If you’re a small business owner looking for guidance on navigating financial uncertainty, this episode is packed with expert advice.Follow GNEC on social media: Facebook: Greater Newark Enterprise Corporation Instagram: @GNECNJLinkedIn: Greater Newark Enterprise Corporation Website: www.gnec.orgAs a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

On today's podcast short, Luis Gouveia of Raise Newark Inc. shines a light on the importance of branding, your digital first impression, and how GNEC can help make your small business stand out. https://raisenewark.com/https://www.gnec.org/programs-and-events/backstop-program/For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

On today's podcast short, Onel Villares, Business Development Director at GNEC, gives tips on how to raise your FICO score, and why it is so important.For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

On today's podcast short, Fabian Benalcazar, Senior Underwriter at GNEC, dives into all things loans; from purpose, to amount given, and providing some useful tips for applying. For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

On today's podcast short, Fabian Benalcazar, Senior Underwriter at GNEC, breaks down your bank statements, and what you need to know when using them to apply for a loan.For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

On today's podcast short, Onel Villares, Business Development Director at GNEC, dives deep into credit: what you need to know, and what you need to avoid. For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

On today's first podcast short, Fabian Benalcazar, Senior Underwriter at GNEC, breaks down the most common mistakes when applying from a loan from the underwriters' perspective.For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of the Fund Ready Podcast, Naimah  Marshall, Assistant Director of Business Banking at the New Jersey Economic Development Authority (NJEDA). Throughout the episode, Naimah provides invaluable insights into the world of small business funding opportunities, with a specific focus on NJEDA's initiatives and support for businesses in New Jersey. From an overview of NJEDA's programs to practical advice on navigating funding options, Nai offers a comprehensive guide for entrepreneurs seeking financial assistance. The conversation also delves into upcoming projects and collaborations, highlighting NJEDA's commitment to fostering economic growth and prosperity in the state. Resources:https://www.njeda.gov/smallbusinessservices/As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of the Fund Ready Podcast, we explore the critical link between brand awareness and cash flow with special guest Mike Steadman, a renowned Professional Acceleration Coach and Brand Strategist. Steadman's expertise shines as he delves into the importance of establishing clarity in one's business category before crafting a compelling brand identity. From nurturing prospects to converting them into loyal customers, Steadman offers actionable insights for entrepreneurs looking to leverage their brand for success. Listeners are left with a clear understanding of how strategic brand-building can drive revenue and propel businesses forward in today's competitive market.Learn more about IRONBOUND Media at: https://ironboundmedia.com/For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of Fund Ready, Kat shares invaluable insights and practical strategies aimed at helping entrepreneurs integrate wellness practices into their daily routines while effectively managing their businesses. From dispelling myths about self-care to highlighting the role of HR practices in fostering a culture of well-being, listeners gain a deeper understanding of the significance of maintaining balance and resilience in the entrepreneurial journey. By emphasizing the positive impact of prioritizing wellness on both personal and business success, this episode serves as a guiding light for small business owners looking to thrive in today's dynamic business landscape.Resources: https://www.gnec.org/faqs/As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of Fund Ready, we delve into the critical aspects of small business preparation for the new year with a focus on business strategy and finances. Joined by Onel Villares, Business Development Director at Greater Newark Enterprises Corporation, and guest entrepreneur Kimbley Butler, owner of Butler Catering, the episode emphasizes the significance of year-end financial reviews, strategic planning, and adaptability. Onel will provide practical tips for small business owners, highlighting the importance of assessing financial health, setting realistic goals, and creating a robust budget. Kimbley will share her experiences, showcasing the proactive strategies she employs at Butler Catering to ensure a strong start in the new year. Together, the guests will highlight the value of reflection, adaptation, and professional advice in achieving business excellence. As the episode concludes, listeners will be equipped with actionable insights to propel their businesses toward success in the upcoming year.Learn more about Butler Catering at: https://butlercateringcompany.com/For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of Fund Ready, host Khady Ndiaye engages in an insightful conversation with Towannda Mceachearn, a Transformation Coach and owner of an Empowerment Studio in Newark. The focus of the episode revolves around the art of perfecting small business pitches and understanding their significance. Towannda, with her extensive experience in personal and professional development for women, shares valuable insights and practical advice for entrepreneurs.Resources:https://www.aliferecycled.com/https://empowermentstudionj.com/For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of Fund Ready, host Khady Ndiaye, Development and Communications Director at Greater Newark Enterprises Corporation (GNEC), explores the vibrant entrepreneurial landscape in Newark, NJ, with a focus on a unique shared workspace—=SPACE. Joined by special guest Citi Median, Founder of Equal Space, the episode unveils the mission, impact, and success stories of =SPACE in empowering multicultural business owners. =SPACE goes beyond a traditional workspace, offering a comprehensive ecosystem for startups.Learn more about =SPACE at: https://equalspace.co/For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of Fund Ready, our host, Khady Ndiaye, engages in a dynamic conversation with Emily Manz, the Chief Business Development Officer and Director of Marketing for Invest Newark, the city of Newark's economic development agency. The episode centers around the significance of Invest Newark and the invaluable resources it offers to small businesses in Newark, New Jersey. Invest Newark is a non-profit 501(c)(3) corporation with a mission to enhance Newark's global competitiveness, foster economic prosperity for all Newark residents, and empower entrepreneurs. The organization provides a comprehensive array of services, from training and technical assistance to financial support, making it a vital partner for small businesses in the city.Find out more information on Invest Newark at: https://investnewark.org/For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of the Fund Ready Podcast, hosted by Khady Ndiaye, Development and Communications Director at Greater Newark Enterprises Corporation (GNEC), the focus is on the crucial role of small businesses and their owners in community development. The guest, Ryan Monore, owner of RyArMo Photography Studio LLC and a dedicated community advocate, shares his insights and experiences. For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of the Fund Ready Podcast, hosted by Khady Ndiaye, Development and Communications Director at Greater Newark Enterprises Corporation (GNEC), the focus is on "Managing Small Business Growth." The episode features a special guest expert, Dr. Tamara Mangum, an Entrepreneur, Small Business Owner, Motivational Speaker, Educator, and Assistant Dean at Strayer University, who provides insights and guidance on the topic. For more details about  GNEC ‘s Technical assistance that can support you through your business journey, please visit https://www.gnec.org/technical-assistance or contact Al Alvarez, GNEC’s Program Director, to inquire!As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode of Fund Ready, the focus was on affordable and effective marketing strategies for small businesses. The special guest facilitator, Birdia Chambers, founder of Epic Transformations, shares her expertise in empowering organizations and small businesses to build and strengthen their social media presence, increasing visibility, brand elevation, and business growth.Birdia discusses various affordable strategies that entrepreneurs can consider, including leveraging social media platforms, collaborating with influencers, utilizing email marketing, and networking with other businesses. Birdia shares her personal experiences and success stories with implementing these affordable marketing strategies. The episode also emphasized the availability of discounted resources and tools that small business owners can take advantage of to enhance their marketing efforts. https://raisenewark.com/https://www.gnec.org/programs-and-events/backstop-program/https://buffer.com/As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

Oh this episode of Fund Ready, Victor Salama will be providing an overview of ideation, emphasizing its importance for small business owners. Ideation is the process of generating and developing new business ideas by identifying problems or needs in the market and finding innovative solutions to address them. Adalberto Pena will share his and his partner's experience with the ideation process for their business, Untitled Union. https://www.gnec.org/technical-assistance/https://www.weareifel.org/https://risingtidecapital.org/As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

Personal credit is important when trying to secure capital because it serves as an indicator of the borrower's financial responsibility and ability to repay debts. Lenders use personal credit scores to assess the risk associated with lending money. A good personal credit score demonstrates reliability and a lower risk for the lender, increasing the chances of obtaining capital. Personal credit serves as a foundation for building business credit. By responsibly managing personal finances, small business owners can establish credibility and qualify for better business credit opportunities in the future. We discuss all this and more with guests Fabian Benalcazar & Jayda Audrick.https://www.gnec.org/technical-assistance/https://www.gnec.org/faqs/As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs to grow economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

In this episode, we will dive deep into the concept of Community Development Financial Institutions (CDFIs) and why they serve as an alternative for small and minority-owned businesses with guests Rasheedah Cook & Onel Villares.https://www.gnec.org/business-loan-services/entrepreneurs-of-color-fund-newark/https://www.gnec.org/faqs/As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs to grow economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

You’re listening to Fund Ready, a podcast series brought to you by the Greater Newark Enterprises Corporation, where we prepare New Jersey  small business owners  to successfully raise capital from community development financial institutions and other alternative sources. We understand the challenges faced by small business owners when it comes to accessing capital, particularly for those in the black and Latino community,  and we want to empower you with everything you need to know to make your business fund ready. As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs in growing economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.https://www.gnec.org/