LiftFund Launches Competition for Office Space

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August 01, 2016
LiftFund – a nonprofit dedicated to empowering small businesses through loans and support through the Women’s Business Center (WBC) and Café Commerce – is launching a competition for office space at the LiftFund Launch Incubator.  Local small business owners have the opportunity to compete for office space with deferred rent for one year, in exchange for equity.
 
“This opportunity is consistent with all our efforts to inspire and assist small business owners in realizing their dreams,” said Janie Barrera, LiftFund President and CEO. “We specifically built an incubator on the grounds of our headquarters to support the dream of entrepreneurship which includes providing resources and mentorship.” 
 
In addition to showing proof of legal business ownership, qualifying participants must have an accounting software to produce financial documents and measurable plans and projections in place for business growth.
 
The office space is housed within the LiftFund Launch Incubator, a 1,344 square foot building specifically designed for commercial offices. The Launch Incubator is powered by Wells Fargo, and located on the LiftFund Campus at 2007 W. Martin. 
 
Winner (s) will receive monthly business mentorship, which includes financial and marketing strategy, tax advice, and legal advice from community partners and LiftFund staff in an effort to help grow the business. LiftFund will share an equity portion in the selected business’s company in exchange for one year of business support and rent-free commercial lease space.
 
To participate, entrepreneurs must fill out an online application by visiting http://bit.ly/LFLaunchIncubator and submit a compelling video explaining how their business will benefit from this opportunity. The deadline to apply is September 16, 2016.
 
 
About LiftFund
Established in 1994 in San Antonio, LiftFund is a non-profit financial and business-support service organization that helps entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment and contribute to the economic revitalization of their communities. LiftFund has the nation’s largest small business lender portfolio and is committed to providing capital to entrepreneurs who do not have access to loans from commercial sources. Since its inception, LiftFund has made over 17,700 loans totaling more than $218 million throughout its 13 state footprint. To learn more about LiftFund visit www.liftfund.com.