Does your female-owned business – or at least 51% female-owned for businesses with multiple partners – need financing to grow? Real access to capital is looking for business plan submissions for its Helping Entrepreneurship Rise (HER) Business Plan Competetion.
True Access Capital is a community development financial institution, or CDFI, that provides entrepreneurs in Delaware and southeastern Pennsylvania with technical expertise and access to capital. The organization focuses on helping women, minorities, and those underserved by traditional lenders.
As part of the competition, one winner will receive $10,000 and two will win $5,000 each, with winners being announced at True Access Capital’s annual meeting on October 28.
The contest is open to women ages 18 and older with a for-profit business licensed in the state of Delaware and in operation for at least one year. To apply, you will need to complete your eight-page business plan (including year-to-date financial statements and projected one-year cash flow statement with assumptions) and submit it with your online application by September 17.
HER includes optional business plan advice at True Access Capital Women’s Business Center.
True Access Capital made headlines most recently when Delawarean, social advocate and first daughter Ashely Biden Livelihood Fund offered him $26,500 to create a fund to help minority entrepreneurs start or grow small businesses in Wilmington.