Putting Small Business Owners on the Path to Capital

  • November 12, 2014

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aeo-logo“If we can fix this problem of capital access, we’ll see an explosion of job creation and job growth,” said Connie Evans of the Association for Enterprise Opportunity (AEO) at a recent Dunn & Bradstreet Access to Capital event.

Evans took the opportunity to speak on camera with the Coleman Report’s Bob Coleman, to talk about the importance of micro financing to small business and why the relatively small loan amounts, which average $15,000 to $25,000, have such a powerful job creation impact on Main Street.

Evans cited 8,000 declines in loan applications every day and a lending gap of $44 billion to $52 billion in small loans as an important problem begging for a solution. She argued that helping small business owners grow their businesses increases wealth in the community, “That’s real community development,” she said.

Evans wants to see a focus on what she called “Decline to Delight.” She argued offering information and education to help under-qualified borrowers improve their situation so those we decline today will be able to get approved tomorrow, is a good idea for the economy. She called it “…putting them on the path to capital.”

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