Des Moines, IOWA — Novemeber 1, 2013 — The sixth annual Immigrant Entrepreneurs (IES) Summit — on November 9, 2013 at Drake University’s Olmsted Center — will end with an afternoon panel discussion “Capital Access – 20 Practical Ways”.
Funded by Wells Fargo, this free afternoon session will begin at 3:30 p.m., and will answer many tough questions business owners and entrepreneurs face about gaining capital and will give insight on at least 20 well-established ways money can be found to begin, or expand, a business.
Two examples of Capital access that will be discussed are:
Vendor Financing — Getting a car loan is easy. You walk into car dealership and they tell you ‘can drive your car away today with a no interest loan!’ The vendor — the car dealer in this case — is doing the financing for you. You are using the car dealer’s money to get what works for you. If you do not pay for the car, they just take your car back. What you purchased has value the vendor could take back in case of default. Have you thought about doing that for the equipment you must buy to start your business? You may not have money up front, but you can get a machine and put it to work right away to make money and pay back your vendor over the long term.
Foreign investor’s cash infusion — If you have a brilliant business idea, with the right connection, you can utilize an EB5 investment VISA to get a foreign person to invest money in your business. It is not a blue-sky imagination. In fact, here in Des Moines, a well-known factory started from the ground up with money from EB5 investors.
The panel will be led by industry experts. Registration is available online at www.iesusa.org. IES boasts a full day of rich and informative sessions to help any Iowa entrepreneur start or grow their venture in our great state.
The mission of IES is to bring businesses of diverse backgrounds together to share, learn and celebrate the immigrant entrepreneurship experience and its contribution to the overall community. The summit will exhibit the success stories of immigrant entrepreneurs, and business owners will share ideas for business growth and their keys to success. Participants will be able to network and learn from others in a non-competitive and supportive environment.