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Capital Building

Where to find the money you need.
May 1, 1999
URL: http://www.entrepreneur.com/article/17696

More capital" is the clarion call of many entrepreneurs. Organizations nationwide are answering with offerings ranging from loans to investment capital. Following is a roundup of some of the programs available.

The fund is looking for businesses in all stages of development that have the potential to become leaders within their industries.

Zero Stage Capital 6 also has partners in Connecticut, Maine, Massachusetts and New Hampshire bringing the total available capital up to $140 million in New England. To start the process, prepare an executive summary and contact vice president and fund manager for Rhode Island Mark Thaller at mthaller@zerostage.com or (617) 876-5355, ext. 110.

Call (972) 991-1597 for information or to submit your business plan.

Contact the EDA at cld@njeda.com or (609)292-0187 for more information on this and other programs.

Entrepreneurs can apply for as much as $150,000 in debt financing, but they must be able to match the amount borrowed dollar for dollar. The fund will consider companies with a tested or patented product in any industry, but gives more attention to firms in the computer software and hardware development, marine science and biotechnology industries.

For more information, contact the fund at segf@famemaine.com or (207)623-3263.

The association hosts two annual events to facilitate networking between entrepreneurs and investors. The Millionaire Makers weekend, to be held this year in Dallas in November, resembles a venture capital forum and presents 10 to 15 carefully vetted companies to investors. The Millionaire's Ball, to be held this month in Atlanta, recognizes an investor and an entrepreneur of the year and offers a social setting in which entrepreneurs can meet potential backers. Both events are open to the public.

The association also publishes The Investors Bulletin, where those seeking capital can detail what they're looking for.

Call (972) 233-9107 for more information on the association.

Awarding Behavior

National - The EPA is accepting nominations for the Energy Star Small Business Awards, honoring innovative solutions for cutting energy costs. If your business or any other business you know of has shown admirable energy efficiency, contact Energy Star Small Business at (888) STAR-YES or http://www.epa.gov/smallbiz and apply before the June 1 deadline.

The NEGOTIATORS Mentor Inc. is looking for young entrepreneurs who are interested in starting workplace or campus mentoring programs to take part in its Generation "E" Grant and Scholarship Program. The company will award $1,000 to each of the first five college students age 17 and over and the first five working adults age 21 and over who establish programs under its guidance. For more information, call (888) WHO-MENTORS or visit http://www.whomentors.com The application process must be completed by May 31.

Contact Source

International Association of Black Millionaires, 4020 McEwen, #105, Dallas, TX 75244