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Monday, May 22 • 11:00am - 12:30pm
Accessing Capital for Detroit-based Businesses: What are your options? FULL

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Access to capital is always an issue with Detroit business owners. My goal is to focus on microloan funding options versus SBA loans, which will allow these neighborhood business owners to navigate both non-traditional and traditional financing vehicles. I will attempt to answer the following questions: What is the difference between a microloan and small business loan? Which type of loan is best for a business? How do you successfully apply for loan funding? Which microlenders are lending to Detroit businesses? This is only a sampling of the questions that will be answered during my proposed program. My program will be geared towards startups and existing Detroit businesses that need additional capital to become successful and be able to employ neighborhood residents. My target neighborhood for this proposal is the East Jefferson corridor or Mack Ave area.

This microloan symposium will allow place-based entrepreneurs to meet and hear from industry professionals who can provide access to capital. Typically, access to capital from financial institutions is a major obstacle to the launch or growth of new businesses. These entrepreneurs will see instant value in this symposium, which will assist them in navigating between non-traditional and traditional lenders and be able to identify a lender that is a fit for them. Understanding how microloans impact an entrepreneur’s business will determine whether they can obtain funding for working capital, inventory or supplies, furniture or fixtures, and machinery or equipment. The information that will be obtained from this program will help substantially improve the chances for Detroit businesses to grow and hire neighborhood residents.

Speakers:
Warren S. Galloway, Jr. – Host/Moderator

Lawrence Jackson – Small Business Development Center (SBDC)

Marcus Jackson – The Private Bank

Matthew Bihun – ProsperUs Microloan

Dr. Joyce Suber – Michigan Women’s Foundation Microloan

Hassan Bazzi – ACCESS Microloan

Andrew Lucco – Michigan Saves Microloan

Mikiah Westbrooks – Brix Wine and Charcuterie (Michigan Women’s Foundation Microloan)

Lester Gouvia – Norma G’s Restaurant (Prosper Us & Michigan Saves Microloan) 

This session is located at Techtown in the Garage, 440 Burroughs St., Detroit, MI 48202
Shuttle service is not avilable for this session. 

Moderators
avatar for Warrren S. Galloway, Jr., J.D.

Warrren S. Galloway, Jr., J.D.

Owner, Warren Galloway & Associates LLC
Warren has worked for some of the largest national and regional financial institutions, including E*TRADE Bank, Charter One Bank, Standard Federal Bank and NBD Bank, holding positions in Regulatory Affairs, Compliance, Community Reinvestment, Community Development, Personal and M... Read More →

Speakers
avatar for Matthew Bihun

Matthew Bihun

Senior Loan Officer, ProsperUS Detroit
A barstool intellectual with a master’s degree in small talk, Matthew Bihun joined the ProsperUS Detroit Micro-Loan Program in the winter of 2013. Matthew’s first task was to create the model, infrastructure, and processes for a loan program, specifically designed to serve the capital needs of low-income, minority, and immigrant entrepreneurs. Since then, ProsperUS Detroit has loaned over $500,000 in micro-loans to 28 entrepreneurs. Matthew believes that developing honest and high-touch relationships with borrowers is critical to mitigating risk, creating personal and family wealth, and promoting profitable businesses. Outside of ProsperUS, Matthew is a co-owner... Read More →
avatar for Lester Gouiva

Lester Gouiva

Owner / Chef, Norma G's
I spent over 25 years in the corporate sector in both finance & telecommunications; in sales, sales management and technical. After being downsized in 2014, I began my new found career in the food industry. Because of the passion for cooking that I developed from my mom, hence... Read More →
avatar for Mikiah Westbrooks

Mikiah Westbrooks

Owner, Brix Wine & Charcuterie Boutique
Mikiah Glynn Westbrooks is the owner/operator of Brix Wine and Charcuterie Boutique located in Detroit`s West Village. Brix was a fifteen year dream in the making and finally it has come to fruition. Mikiah`s passion for wine and the connectivity that happens when shared with fri... Read More →

#DETSW17 Organizing Team
avatar for Hassan Bazzi

Hassan Bazzi

Programming - Neighborhood Collaboration Lead, ACCESS
Hassan Bazzi is the Director of Regional Opportunities at ACCESS where he leads the non-profit organization’s strategy for Detroit and Southeast MI. In this role Hassan explores new initiatives, opportunities, programs and partnerships for community and business development in... Read More →
avatar for Regina Ann Campbell

Regina Ann Campbell

Retail / Place-Based Entrepreneurship Track Captain / Advisory Board, TechTown Detroit
Regina has over 20 years of experience in the non-profit and public sector. Regina has directed the strategic vision, program design and development, execution and growth of the place-based entrepreneurship's flagship programs: SWOT City and Retail Services. Regina has a successf... Read More →


Monday May 22, 2017 11:00am - 12:30pm
TechTown Detroit @ Garage