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5 Business Resources for Ex-Felons

Outside of small business grants, loans and credit cards, there are a few other programs that could help you start a business as an ex-felon.

1. HelpForFelons.org Help for Felons is an organization that aims to help former felons in a variety of ways. From finding housing and job opportunities to providing information on small business grants and loans, you can find many resources on the website that might make it easier to navigate life after incarceration.

2. “Inmates to Entrepreneurs” Inmates to Entrepreneurs is a nonprofit organization that aims to help ex-felons create a better future for themselves and their families. The organization offers numerous resources, including free entrepreneurship courses (in person and online) and an eight-week entrepreneurship series.

3. Small Business Development Centers (SBDCs) In addition to its small business loan programs, the SBA also provides training and counseling to small business owners—felons included—through its Small Business Development Centers (SBDCs).

You can search online for an SBDC in your area. Programs are available to established small business owners and budding entrepreneurs alike. An SBDC can provide guidance in areas such as business development, access to business capital and business financial management.

Trust me your city has assistance for you - if they didn’t fabricate and lie to the government about using the funds they received to run the program.

4. Crowdfunding Crowdfunding is a type of online tool you can use to raise funding for your business, and in some cases, it can be life-changing. Platforms like Kickstarter, GoFundMe and IndieGoGo give you the chance to share your story with others and campaign for donations that could help you fund a new business venture.

5. Angel Investors An angel investor is someone who offers private funding to a business startup. In exchange for financial backing, the angel investor often requires some form of compensation—perhaps equity in your business or future royalties. You’ll typically need to prove that you have an enticing business idea with a good chance of financial success (or market disruption) to attract such investors to your project.

There are also nonprofit angel investors that operate with different motives. Rising Tide Capital, for example, has a mission of helping individuals and communities improve their lives through entrepreneurship.


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