Four Steps To Secure A Loan For Your Small Business

Adria MossSmall Business Loans, Small Business Resources

how to get small business loan

As a small business grows, it’s almost inevitable that it will need some type of capital injection. Even if you’re doing everything right, there are times when your profit just isn’t enough to reinvest into the business to take advantage of new opportunities. Perhaps the company needs to hire more people, expand to a new location, or fulfill a large purchase order. As exciting as this growth can be, securing an investment can also be overwhelming. We meet and talk with small business owners every day who need capital to grow, but aren’t sure what lenders need or look for. Below are four tips from the small business lender to help you with securing a small business loan. Before starting a conversation with a potential lender, it is important that a small business owner knows how much money the business needs, and what it will be used for. For example, … Read More

PCV President & CEO Mary Jo Cook Awarded 2017 Opportunity Fellow

Patrick DugganPCV News

OFN Opportunity Fellow

Congratulations to our own Mary Jo Cook! After an intense competition and rigorous selection process, Opportunity Finance Network has chosen 25 outstanding leaders from CDFIs across the country who will join their inaugural class of Opportunity Fellows. Representing different levels of leadership experience, these Fellows hail from all corners of the country, with one thing very much in common: They are committed to addressing inequities in capital to the underserved community through their work with CDFIs, which are critical engines of opportunity in these communities. The Opportunity Fellows Program is a leadership program for our industry, which will train a diverse cohort of CDFI leaders to lead transformational change and address inequities in access to capital in underserved communities. Through the program, Fellows will develop the skills and perspective to innovate toward the vision of opportunity for all, and facilitate greater equity and inclusion for racially and ethnically diverse communities. “This … Read More

What’s New In Impact Investing? February Roundup

Patrick DugganImpact Investing, InSight

impact investing

Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from February: We’re excited to announce our newest report on how mission investing can create good, working-class jobs across underserved rural areas. Over the past ten years, the Northwest Area Foundation has invested in a total of 20 companies across various sectors through its pioneering Invest Northwest mission … Read More

Small Business Resources Roundup

Patrick DugganSmall Business Resources

small business scheduling

Each month, we bring you the latest roundup of resources for small business owners bootstrapping their businesses and creating quality jobs in their communities. Don’t forget to follow us on Twitter at @PCVtweets. Every Monday we post a new collection of new must-read small business resources, articles, and news. Are there any specific areas your business needs advice in? Let us know, and we’ll search for what you need to add to our monthly roundup.

An Economy For Everyone: February Good Jobs Recap

Patrick DugganQuality Jobs

In order to build wealth and create opportunities in and across America’s underserved communities, and reverse the troubling trends we’re seeing in our economy, we no longer find it defensible to focus on job creation alone. It’s clear that job creation does not itself equate to lasting economic change. And so, we must shift our focus to the creation of higher quality jobs — jobs that are good for workers and their families, good for businesses, and good for communities — enabling us to build an economy that works for everyone. Each month, we bring you the latest roundup of news from the fight for quality jobs for working people. It’s no secret that there are two ways to manage a company’s capital. Work for the short term and return your profits each quarter to shareholders and investors. Or, work for the long-term and reinvest your profits into your workers … Read More

Invest Northwest Ten Year Performance Review

Tom WoelfelImpact Investing, InSight, Publications

Invest Northwest Ten Year Performance Review

We are pleased to share our latest report: Invest Northwest: Ten-Year Final Performance Review. For ten years Pacific Community Ventures has worked with the Northwest Area Foundation (NWAF) and the Annie E. Casey Foundation (AECF) to annually evaluate the social performance of Invest Northwest, a place-based mission-related private equity fund. Invest Northwest was created in 2004 with the twin objectives of generating market-rate financial returns and social returns aligned with NWAF’s mission — to support efforts by people, organizations and communities to reduce poverty and achieve sustainable prosperity in the northwestern states of the U.S. As a place-based investment, Invest Northwest was established to support business growth and retention as well as the creation of good jobs for residents within NWAF’s eight-state service region that encompasses Idaho, Iowa, Minnesota, Montana, North Dakota, Oregon, South Dakota, and Washington.  Invest Northwest was developed at a time when mission investing was still an emerging … Read More

An Economy For Everyone: Winter Good Jobs Recap

Patrick DugganQuality Jobs

good quality jobs living wage

In order to build wealth and create opportunities in and across America’s underserved communities, and reverse the troubling trends we’re seeing in our economy, we no longer find it defensible to focus on job creation alone. It’s clear that job creation does not itself equate to lasting economic change. And so, we must shift our focus to the creation of higher quality jobs — jobs that are good for workers and their families, good for businesses, and good for communities — enabling us to build an economy that works for everyone. Each month, we bring you the latest roundup of news from the fight for quality jobs for working people.   At the start of the new year, 19 states increased their minimum wages, lifting the pay of over 4.3 million workers. This is the largest number of states ever in a given year to increase their minimum wages absent … Read More

Small Business Resources Roundup

Patrick DugganSmall Business Advising And Mentoring, Small Business Resources

small business social media

Each month, we bring you the latest roundup of resources for small business owners bootstrapping their businesses and creating quality jobs in their communities. Don’t forget to follow us on Twitter at @PCVtweets. Every Monday we post a new collection of new must-read small business resources, articles, and news. Are there any specific areas your business needs advice in? Let us know, and we’ll search for what you need to add to our monthly roundup.  

What’s New In Impact Investing? January Roundup

Patrick DugganImpact Investing, InSight

impact investing jobs

  Impact investing is about using markets and money for social good. Impact investing is built on the belief that private capital can play a powerful role in solving the massive global challenges of our day, and that capital markets should work for good as well as profit. This vision is realized through investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return. Every month, PCV will give you a roundup of what’s new in the field, what conversations are taking place, and how you can get involved. Here are some highlights from January: Foundations of all sizes have been true leaders in the impact investing field, aligning their capital with their missions, ensuring a laser focus on impact and providing catalytic capital to attract other types of investors. Seeing the potential of impact investing for achieving transformative change, … Read More

Free Small Business Webinar: Retail Is Alive And Well

Patrick DugganSmall Business Advising And Mentoring, Small Business ResourcesLeave a Comment

small business webinar retail

In this free small business webinar on strategies and best practices to stay competitive and thrive in retail, BusinessAdvising.org hosted Joe Alexander, founder of Nest Bedding, one of the leading online mattress and bedding brands. In this free webinar you’ll learn about: How a customer-centric approach pays off Tools and strategies for small businesses operating retail brick-and-mortar and online storefronts How to stay competitive in today’s dynamic retail environment   Joe Alexander is a pro bono advisor with BusinessAdvising.org, and the founder of Nest Bedding, one of the leading online mattress and bedding brands. His beds can be found in the homes of some top athletes and celebrities (and Pacific Community Ventures’ staff!) and he’s been lauded in publications such as the Huffington Post, Men’s Fitness and Refinery 29. In 2012, he bootstrapped Nest Bedding and grew it into a $20 million dollar a year force in the mattress and … Read More