We believe that main street businesses are the drivers of job growth and economic growth in our communities, so we are putting our money (and our time) where our mouth is.
Background on the Problem
The idea of Entrepreneurship for All goes beyond tech start-ups in Silicon Valley. There are 28 million businesses in the United States and most of them are not elite tech ventures. Instead, the majority of these businesses provide simple everyday necessities such as dry cleaning, auto repair, and lawn care.
Today, fewer people start small businesses than in the past due in large part to the lack if start-up capital. Further, many established businesses stall or fail because they are locked out of capital markets. Main street businesses often do not have the growth potential of tech companies to attract equity capital and are not considered “safe enough” by banks to obtain loans. Yet, these same businesses represent up to 66 percent of the total businesses in the country.
Entrepreneurship is one of the best ways to improve the lives of all people, so we are putting our money where our mouth is and investing directly in these businesses.Brian Hamilton Founder, Brian Hamilton Foundation
Our goal is to help get money to main street businesses and their owners at interest rates that accurately account for their risk, but that are not so high as to become an unreasonable burden to the business. To meet this goal, our partners have formed a separate business venture to provide loans to main street businesses in North Carolina and around the country.
Brian Hamilton Founder Brian Hamilton Foundation
Entrepreneurship is one of the best ways to improve the lives of all people, so we are putting our money where our mouth is and investing directly in these businesses.
Margaret Froneberger Chief Executive Officer Brian Hamilton Foundation
We believe that entrepreneurship unlocks the door to economic opportunity in the United States.