Georgia Small Business Capital Announces Grant Support and Partnership with Endeavor Atlanta
Funds will support Endeavor Atlanta’s entrepreneur programming and operations
November 5, 2019, 3:00 PM Eastern Daylight Time
ATLANTA -- Georgia Small Business Capital today announced a multi-year partnership and grant funding with Endeavor Atlanta, the Georgia affiliate of Endeavor Global. Endeavor, a non-profit founded in 1997, is leading the high-impact entrepreneurship movement around the world by selecting and supporting high-growth entrepreneurs through access to mentors, global markets, capital, and talent. The Georgia Small Business Capital grant will support Endeavor Atlanta’s entrepreneur-focused programs along with its search, selection and servicing teams.
”We’re thrilled to be working with the Georgia Small Business Capital organization in order to continue Endeavor Atlanta’s growth,” said Endeavor Atlanta Managing Director Aaron Hurst. “Endeavor Atlanta has seen early success supporting high-growth company founders while creating a community of peers and successful entrepreneurs. Capital is one of the biggest constraints on young company’s growth so we are excited to collaborate with Georgia Small Business Capital to ensure founder’s understand all of the capital options available.”
Endeavor’s partnership with Georgia Small Business Capital will focus on supporting small and medium sized businesses that are scaling, yielding economic and community benefits in the form of job creation and economic activity.
To date, Endeavor Atlanta supports 15 entrepreneurs leading 12 businesses, resulting in the creation of over 1,300 jobs. Businesses supported by Endeavor Atlanta have generated over $115M in revenue since 2017.
“Georgia Small Business Capital is excited to embark on this new partnership with Endeavor Atlanta. By taking this unique step of aligning ourselves over a multi-year period with Endeavor Atlanta, we feel there lies great potential in fostering the growth of tomorrow’s business leaders by investing in their infancy today,” said Regional Sales Executive and SVP at George Small Business Capital Cory Stewart. “Establishing these long term relationships across multiple business platforms provides a greater degree of exposure for our brand while also educating and proliferating the SBA 504 loan program to new users that otherwise may have been overlooked by the conventional lending community.”
Endeavor identifies communities around the world with untapped entrepreneurial potential and where business founders face challenges to successfully scale and grow their businesses. Endeavor’s long term vision is to create a merit-based ecosystem of entrepreneurship wherever it operates. According to the Kauffman Foundation, young companies create 3 million new jobs per year, accounting for all net new job creation in the United States over the last 40 years. Endeavor focuses on fostering these young companies as they leave the “startup” phase of company creation and begin to scale. Endeavor companies normally generate millions in revenue at the time they are selected into the network.
ABOUT GEORGIA SMALL BUSINESS CAPITAL
Georgia Small Business Capital (GSBC), a d/b/a of Florida Business Development Corporation, a Florida not for profit corporation, is a private, non-profit Certified Development Company established in 1989 to administer the Small Business Administration (SBA) 504 Loan Program. In addition to the 504 Loan Program, GSBC is active in the economic development in the community in which it serves.
ABOUT ENDEAVOR
Established in 1997, Endeavor is leading the global high-impact entrepreneurship movement to drive economic growth and job creation by selecting, mentoring, and accelerating the best high-impact entrepreneurs around the world. To date, Endeavor has screened more than 60,000 individuals and selected more than 1,900 founders leading over 1,200 scale-up companies. With support from Endeavor’s worldwide mentor network, Endeavor Entrepreneurs have created over 3 million jobs, generate more than $20 billion in revenue each year, and inspire future generations to innovate and take risks, building strong entrepreneurship ecosystems in growth markets. Headquartered in New York City, Endeavor currently operates in 35+ growth markets throughout Africa, Asia, Europe, Latin America, the Middle East, and North America.
Contacts
Media inquiries to:
Alaysia Brown (985) 860-7411 alaysia.brown@endeavor.org
Marketing and Community Manager, Endeavor Atlanta