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.