In this perspectives brief, author Eric Hangen examines two nonprofit “alternative business financiers”-- Vested for Growth and the Local Enterprise Assistance Fund -- who have been broadening the financing options available for community-based businesses. Early results from both initiatives suggest that both the borrowing businesses and community lenders can succeed with these financing strategies: businesses are getting flexible financing while maintaining control of the company, and community lenders are earning returns that help to sustain their operations.
Carsey Perspectives No. 9
Durham, N.H. : Carsey School of Public Policy, University of New Hampshire
Hangen, Eric, "Carsey Perspectives: Innovative Financing for Community Businesses" (2017). The Carsey School of Public Policy at the Scholars' Repository. 320.
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