Social Entrepreneur Funding

Starting a business is good, but starting a business for the good of the society is even better – and of course, it’s much more difficult. Being a social entrepreneur is a dream of many, and it’s not just to feed their egos, but to really solve some of the problems that the society is experiencing.

But the same way as how any type of business goes, social entrepreneurs need funding. We will just be talking about how social entrepreneurs can find funding to start, operate, and manage the startup. Before we get into that, let’s first discuss what a social entrepreneur is.

What is a Social Entrepreneur?

By definition, a social entrepreneur is an entrepreneur who looks to start a business with a drive to change and improve the society. The main goal of social entrepreneurs is to solve problems within a community by driving solutions and innovation.

Most usually, social entrepreneurs are the entrepreneurs who want to solve bigger problems like pollution, corruption, and the like. The goal is to build and establish a business for the greater good of the society.

They can build and establish for-profit businesses but their main focus is to help and assist the society. Social entrepreneurs’ fundamental challenge is how they can produce one business that would drive the society to become better and more developed.

Examples of Social Entrepreneurship

In case you’re still wondering, some of the examples of social entrepreneurship include:

• Educational programs for children
• Microfinance institutions
• Funding companies for donation
• Banking services in rural and areas of the minority
• And many more

Just like any other business, your journey of social entrepreneurship starts with you looking for funds. That being said, where would you be able to find social entrepreneur funding? Would that be at the same playing field as how for-profit businesses look for theirs?

They’re Not Charities

Although they’re pretty much the same, social enterprises and companies have a different structure as how charities work – they can’t rely mostly on donations. Investors and funding could be an option, too. Unlike charity where all the work is done by the donors, funding for social entrepreneurship can be acquired in many different ways.

First Stage of Social Entrepreneurship Financing

When you’re starting, you can’t expect businessmen and investors to be attracted at your ideas of starting a social enterprise. With that, social entrepreneurs should look into the common ways on how businesses get funding – through loans and borrowed money.

Usually, different institutions and companies have their own programs for social enterprises so you’re not going to be beat up by high interest rates. In fact, you can apply for equity debt with some banks and lenders so you can get a good amount on your loan plus lower interest rates.

Here at SoFlo Funding, you have us on your side in your mission to provide the greater good to the society. Our company is a funding and lending company providing people, businesses, and entrepreneurs with the funds they need – we help startups and new businesses, too!

What We Offer

In case you’re finding it difficult to land a funding scheme for social entrepreneurs, we’re here to help you. We help all kinds of businesses, either for-profit or nonprofit businesses, and we help them see their visions become reality.

The financing options we have for social entrepreneurs include:

• Creative Financing
• Traditional Loans (Secured and Unsecured)
• Merchant Cash Advance
• Lines of Credit
• Equity Lines of Credit
• And Many More

For the social entrepreneur financing you’re looking for, we can set up an equity debt or line of credit depending on what you will be needing the funds for. If you have no idea on how you can set this whole thing up, we have the best and the most experienced funding advisors, managers, and funding experts to help.