$120 Million for Immigrant Business Startups! 1

Financing: $120 Million Available for Immigrant Business Startups

The Partnership Fund was created to spur new business creation and expand opportunities for all of the New York City’s residents and neighborhoods — providing a rich opportunity for immigrant entrepreneurs. After a successful career in investment banking in New York and London, in 1999 Maria Gotsch joined the Partnership for New York, where today she administers […]

The Seven Keys to Raising Start-up Money

The Seven Keys to Raising Start-up Money

Immigrant entrepreneur Aziz Makhani parlayed common assets like savings, sweat equity, friendship and enthusiasm into the realization of a special dream — to teach American kids how to play world-class soccer. Like many immigrant entrepreneurs, Aziz Makhani didn’t need millions of dollars to launch his big idea. To make KickShot, his soccer board game, a […]

Angel Investing Crib Sheet

Angel Investors: 7 Essential Questions to Consider

Before you you sell a stake in your business to outside investors, here are seven essential questions you must consider. Most businesses need to raise capital during the early days, but if you don’t take the right steps from the outset, these cash infusions can also lead to disasters, like losing control of the company. […]

Credit Card Financing 101

The Risks and Rewards of Credit Card Financing

Countless entrepreneurs have used credit cards to finance their businesses. But be careful how you use them, there are risks involved. Countless entrepreneurs have used credit cards to finance their businesses because they had nowhere else to turn. Their numbers are growing. According to a recent survey by the National Small Business Association, credit cards […]

The Seven Keys to Raising Start-up Money

The Seven Keys to Raising Startup Money

How did this immigrant entrepreneur parlays his savings, sweat equity, friendship and enthusiasm to realize his dream of teaching American kids to play world-class soccer? Like many immigrant entrepreneurs, Aziz Makhani didn’t need millions of dollars to launch his big idea. To make KickShot, his soccer board game, a reality, he needed less than $50,000 in startup funds.  […]

Microloans

What Immigrant Entrepreneurs MUST Know about Microloans

Looking for funding for your startup or business? If you’re an immigrant microloans may be your best option. When Lorenzo Almanzar, an immigrant from the Dominican Republic, started Future International Corp., his multi-service tax preparation business in the Bronx, N.Y., he turned to the Business Center for New Americans, a nonprofit organization that loans money […]

Pros and Cons of Friends and Family Financing

Friends and Family Financing: 6 Things You Must Know

Loans and investments from your biggest fans can be easy to get, but make sure they don’t damage your relationships. It’s not surprising that one of the first places many immigrant entrepreneurs turn for small-business financing help is to friends and family. The folks who know you well may be willing to give you a […]

Finding a Loan When Banks Drag Their Heels

How to Find a Loan When Banks Drag Their Heels

After months of searching for financing, one Indian immigrant found funding through Intuit’s Loan Finder. Last year Khush Hans realized he had to do something about his company’s cash flow. Because of rising fuel prices, the customers patronizing his five ARCO gas stations and convenience stores had started to cut back on purchases of higher-margin items or […]

Immpreneur's Guide To Credit

Manage Your Credit to Live the American Dream

Of all the ingredients in a successful business, access to credit is the most frequently overlooked. Credit is, quite simply, the engine that builds big businesses out of start-ups, and makes the American dream possible.   “How far your business goes often depends on how well you manage your credit.” Do you have to establish […]