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Call To Action

Finance

The summit also focused on the debt and equity needs of existing firms, particularly those in service sectors. Goals of the business finance initiative include:

1. Replicating existing successful state finance programs. "This means adding credit enhancers like SBA loan guarantees and creating more local collateral pools," says Lindsey Johnson Suddarth of Women Inc., a nonprofit organization for women entrepreneurs.

2. Creating a new model for lending that recognizes brains, ideas, people and contracts as assets.

3. Advocating the collection of loan data by race and sex.

Summit organizers also plan to use a Philadelphia program as a model for creating volunteer networks that connect women who have successfully completed the equity process with those seeking funding.

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This article was originally published in the February 1999 print edition of Entrepreneur with the headline: Call To Action.

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