SYRACUSE, NY (November 11, 2015) - The Global Social Enterprise Institute (GSEI), founded at the Madden School of Business by Le Moyne College's inaugural Social Entrepreneur in Residence W. Michael Short, will highlight at Wednesday’s ceremony the launch of SourceFunding.org - the nation's first socially responsible, transparent, and low-cost financing platform for businesses and community organizations.
The online financing platform uses advanced technologies to streamline the small business loan application process and match entrepreneurs of all backgrounds with the qualified community banks and loan programs that are most likely to provide financing. The platform will be working to empower veterans and other underserved entrepreneurs in particular.
What sets SourceFunding.org apart existing online financing platforms, viewed by many to be "predatory lenders," is that it utilizes an innovative process tapping into the complete national network of 14,000+ community banks, CDFIs, & credit unions in the U.S., which typically offer lower and more competitive interest rates that save applicants money. Additional benefits include pursuing multiple financing opportunities simultaneously, saving considerable time, and also protecting the credit scores of entrepreneur applicants.
SYRACUSE, NEW YORK (October 24, 2014) - The S.I. Newhouse School of Public Communications at Syracuse University and Short Enterprises have partnered to establish the Startup Insider Initiative, a network supporting entrepreneurs throughout the United States. The Initiative's primary focus will be to design and launch SourceFunding.org, a new platform that will streamline access to business financing from trusted community lenders, providing the first alternative to the proliferation of predatory online lenders. The platform will be committed to financial inclusion, working with business owners in underserved communities who don't have access to low-cost financing.