Black & Bankable
1-Day Business Intensive
For Black Entrepreneurs Ready to Grow & Scale
Black & Bankable
Black & Bankable
Empowering Black Businesses for Success: Bridging the Racial Wealth Gap
We understand the challenges that Black-owned businesses face.
Statistics tell a powerful story:
Eight out of 10 Black-owned businesses fail within the first 18 months.
Black-owned firms are twice as likely to be denied loans compared to their white counterparts, face higher bank fees and are 3-5 times more likely to be labeled a high credit risk.
The majority of Black-owned businesses have small payrolls, with 66% employing fewer than 10 people in 2020. Ninety-four percent of Black-owned businesses employ fewer than 20 people and only 2 percent of businesses with employees are Black-owned.
Overall, Black entrepreneurs typically receive less than 2% of all VC dollars each year while companies led by Black women receive less than 1%.
Black-owned businesses were four times more likely to have revenue under $100,000 than white-owned businesses.
The time for change is now.
With the support of the National League of Cities, we are bringing Black & Bankable programming back to Kansas. Our mission is to address the racial wealth and resource gap faced by black businesses in our state.
Join us for the Black & Bankable One-Day Intensive,
Friday, September 1, 2023, Lawrence, Kansas
KU CENTER FOR TECHNOLOGY COMMERCIALIZATION – LAWRENCE CAMPUS KU Innovation Park , Suite 142 2029 Becker Drive Lawrence, KS 66045
Join us for this transformative one-day business intensive that aims to bridge the funding gap for black businesses seeking access to capital and equity. Led by Makisha Boothe, founder, CEO, and esteemed business coach of Sistahbiz Global Network and SGN Enterprises, the intensive will provide vital training on raising capital, financial documentation, business projections, and creating compelling pitch decks.
The day will feature access to capital resource representatives, Access to Capital panel discussion with bank representatives, Fireside Chat with Abdul & Alicia Yahaya, owners of Open Minds Child Development Centers, and light breakfast and lunch. Collab Capital, an investment fund that provides social and financial resources to Black-owned companies, will share insights on investing in black founders and their national study on black founders’ access to capital.
Participants will leave the retreat armed with valuable and actionable insights, positioning their businesses as bankable entities. Additionally, we will offer group coaching to participants who complete the program, ensuring continued support for their growth and success.
The Black Entrepreneurs of the Flint Hills, is a community-driven initiative that empowers, equips, and engages Black business owners in the region with resources to build stronger and more impactful businesses, benefiting the community as a whole.
Sistahbiz Global Network, a business accelerator, is dedicated to providing affordable coaching, training, and support services to help Black women build scalable, sellable models and access the necessary financial and social capital to make a significant impact in the business world.
Together, we can create a brighter, more inclusive future for Black entrepreneurs in Kansas and beyond.
Check out Black & Bankable 2022 in Manhattan, Kansas!
Hear what last year’s Black & Bankable participants had to say…
Founders will learn business growth strategies at Black & Bankable including:
Understand phases of growth and capital needs
Have a framework for creating a vision for growth
Identify mindset barriers to growth
Common fundraising decision points
Understand types of business funding
Recognize and understand stages of investment
Increased clarity on the investment process
Understand the types of loan products
Understand types of banks/lenders
Understand key ways to build banker relationships
Understand key elements of a strong loan application
Understand the link between revenue and access to capital
Key financial documents for business success
Healthy accounting practices
The difference between a business plan, canvas, investor summary and pitch deck, each of their uses, and tips for development
Know what business and personal credit are
How credit impacts business/wealth
Types of credit improvement
A special thank you to our Regional partners for Black & Bankable
