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.
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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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