Grant Bennett talks People Fund and Small Business funding
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54:30
Grant Bennett (https://www.linkedin.com/in/grant-bennett-686782a0/) Active Army and National Guard veteran talks his transition and what People Fund offers those looking to start a business, but may not have as strong of financial background as needed.
Transition
1- Joined the army after not initially succeeding in college, but remained in contact with his high school and college friends)
2- Went back to School and interned at People Fund and basically "refused to leave." Proved his worth and created a role for himself
People Fund
1- Non-Profit Small Business Lender- Providing capital for those looked over
2- Veteran Entrepreneur Program- works with other lenders to fund, educate and mentor veteran entrepreneurs
3- Invest in business that invest in the community- seek to keep business going, keep people employed, and keep local economy healthy (See Lucky Lab Coffee example)
4- Work as a bridge for the "IDLE" loan and the small business administration loan
5- Focus on existing businesses, not start ups as much
6- Has an education program that coaches on: Networking; Training; Business Plan; Applying for a loan; Accessing capital; and Business management skills
References:
1- Lucky Lab Coffee
2- Vet to CEO
3- Bunker Labs
4- ACP
5- VetMet
6- Veterati
7- www.vet.loan
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