Creativity, a strong story seen as key to financing

RI SCORE gathers presenters and entrepreneurs to discuss key startup hurdle - financing

At the first event in a new series created by the Rhode Island chapter of SCORE, presenters discussed creative ways for entrepreneurs to get financing or use the limited resources they have to their best advantage...

...Hank Kates, an angel investor with the Providence-based Cherrystone Angel Group and presenter at the event, said about one out of 100 applicants gets financial support from the group, which generally awards $350,000 or more and completed 10 deals last year...

...Marilyn Bogue, lead lender relations specialist at the Rhode Island district office of the U.S. Small Business Administration, urged attendees not to overlook SBA 7a and 504 loans.

And presenter Karriem Kanston, assistant vice president and small business development officer at Coastway Credit Union, urged attendees not to overlook credit unions...

Full Story: Creativity, a strong story seen as key to financing Source: Providence Business News, October 29th, 2007