January 29, 2009
New Financing Program Aids Businesses With a Social Mission
Persuading lenders to make a loan or extend a line of credit to a new business with a social mission is a hard sell. Even socially minded financiers have trouble taking on that kind of risk alone.
The Lemelson Foundation, in Portland, Ore., hopes to change that. It has started a financing program, First Loss Capital, to help promising businesses that manufacture products designed to help very poor people or improve the environment gain access to loans and other capital and establish a
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