December 19, 2019

New Call for Applications for NESsT Fund

NESsT is calling for applications from enterprises looking to grow their businesses. The NESsT Fund is actively looking for additional companies that want to raise debt capital in the $50K - $500K range.



NE Ss T

NESsT is calling for applications from enterprises looking to grow their businesses. The NESsT Fund is actively looking for additional companies that want to raise debt capital in the $50K - $500K range.

What are the needs of our entrepreneurs and how are they serving them?

1. Need for smaller amount of capital. Many banks and investors focus on investment sizes about $1 million USD when many SMEs only need smaller amounts to grow.

2. Need for patient, debt capital. Social enterprises need capital that can support 3-5 year plans. Debt, rather than capital, retains company equity while allowing an enterprise to scale.

3. Need affordable capital. We want social enterprises to thrive and they need reasonable costs to achieve their goals.

4. Need for financial management support. Offering technical assistance helps entrepreneurs facing a lack of internal support to develop transparent and accurate financial planning.

The call for applications aims to select 5-10 investment companies in the next two months to offer debt funds.

“The NESsT Fund will allow us to increase the number of women we can employ in the processing plant as well as the women farmers that we can source from. — Greenbox CEO, Christian Perez

More details here.

Search the website

Use the following form to search our website