SourceFunding.org Highlighted for Economic Impact at White House

WASHINGTON, D.C. (November 30, 2016) - SourceFunding.org was highlighted for economic impact and small business development at the Obama White House. During 2016, the Obama White House Office of Social Innovation & Civic Participation advised on the platform's launch.

SourceFunding.org has 4 major metrics developed with Clinton Foundation as part of its $100 million Clinton Global Initiative sponsored initiative known as a "Commitment to Action:"

1. Businesses Assisted

2. Funding Facilitated

3. Jobs Created

4. Economic Impact

Click here to learn more.

SourceFunding.org Featured by SMN Weekly

NEW YORK CITY (November 11, 2016) - SourceFunding.org, a new low-cost lending platform developed by the Global Social Enterprise Institute (GSEI) and entrepreneur W. Michael Short and backed by the Clinton Global Initiative, announced it is inviting participants in its beta testing phase. The platform has also been highlighted at the White House.

The platform is using a proprietary application and matchmaking software to connect individuals, businesses and organizations with a national network of partner community banks, credit unions and economic development organizations.

SourceFunding will generally serve small businesses and “non-traditional entrepreneurs” still struggle to get access to low-cost capital along with real-time technical assistance.

Recognized for "FinTech Innovation"

NEW YORK CITY (August 1, 2016) - SourceFunding.org was featured for socially responsible "FinTech Innovation" in the August 2016 Business & Management Review. The paper, titled "Exploring Corporate Social Responsibility with the Global Community," was presented at the International Conference on Business & Economic Development in Paris.

Excerpt from the Business & Management Review:

"W. Michael Short, founder of Short Enterprises and the Global Social Enterprise Institute, spoke on the importance of building dynamic and cross-sector public-private-nonprofit-foundation partnerships in advancing economic development, inclusive entrepreneurship, and innovation. In order to demonstrate this, Mr. Short highlighted the national financial technology (FinTech) initiative that he is spearheading in collaboration with the Clinton Foundation, Ashoka U Commons Accelerator, the White House, various universities, a national network of small business technical assistance providers and financial institutions, among others. The initiative, a Clinton Global Initiative (CGI) sponsored “Commitment to Action” developed in the Ashoka U Commons, is focused on addressing a major barrier to growth cited by small and medium sized enterprises (SMEs): access to low-cost financing. This will be accomplished with the launch of the nation's first FinTech platform focused on community businesses, organizations, and entrepreneurs with a social-impact, mission-driven, or workforce development focus."

Our Commitment to Action: Financial Inclusion & Economic Empowerment

Photo: Atlanta Mayor Kasim Reed Speaking at Opening Plenary of Clinton Global Initiative.

Press Release via Global Social Enterprise Institute:

ATLANTA, GEORGIA (JUNE 2016) — Entrepreneur and economic development specialist W. Michael Short was invited to the Clinton Global Initiative Summit in Atlanta, GA, to announce the expansion of SourceFunding.org and the FundingNavigator℠ as a 2016 Clinton Foundation-sponsored "Commitment to Action."

Pictured: W. Michael Short, founder of SourceFunding.org , with President Clinton.

Recognized for socially responsible "FinTech Innovation" in the Business & Management Review and highlighted at the Obama White House, SourceFunding.org is a tech-enabled venture focused on bridging the opportunity divide for the 28 million small businesses in the U.S. so they can expand, create jobs, & transform communities.

SourceFunding.org is the nation's first low-cost matchmaking platform connecting small businesses with the 14,000+ responsible community banks, credit unions, CDFIs, & economic development financing opportunities in the U.S.

SourceFunding.org merges unparalleled access to the nation's financing opportunities with the nation's first universal e-application for small business funding. The proprietary system improves loan application outcomes, reduces friction for businesses seeking financing, protects the credit scores of small business applicants, and provides the nation's first viable alternative to the many predatory online lenders.

SourceFunding.org is scaling up the successful SourceFunding.org pilot by GSEI and award-winning Short Enterprises from 2011-2015, which facilitated access to $10 million in capital for high impact ventures and initiatives in a community with the nation’s highest levels of poverty concentration.

The platform's national expansion was planned in collaboration with university partners in the Ashoka U Accelerator and with the support of founding investor Janet Davas, mentor with the W.K. Kellogg Foundation and founder of Hatch, LLC, & nationally recognized Liberty's Kitchen.

"We're especially thankful for the support of the brilliant team at the White House Office of Social Innovation and Civic Participation like David Wilkinson and fellow Syracuse University graduate Laura Tomasko," said W. Michael Short. "We're also very thankful for the incredibly inspiring team at Clinton Global Initiative and the Clinton Foundation like Dan Goldberg, Stacey Pellegrino, Geoffrey Wnuk, Rose Tobiassen, Shital Patel, Ruchi Bhargava, Kimberly Lovett, and many others."

"The national expansion announcement was also made possible by our involvement in the Ashoka U Accelerator, which helped us refine our model and formulate our CGI Commitment to include a significant focus on empowering the next generation of high impact entrepreneurs that are unable to access the funding needed to launch and grow their ventures," said Short. "The Ashoka U Commons Accelerator is a world-class program."

Click here to read the original article from Global Social Enterprise Institute.

$100 million SourceFunding.org Launch Announced at Clinton Global Initiative

W. Michael Short, FinTech entrepreneur and president of the Global Social Enterprise Institute (GSEI), announces a new $100 million Clinton Global Initiative sponsored "Commitment to Action" at the 2016 CGI America Meeting in Atlanta, GA.

ATLANTA, GA (June 13, 2016) - In June 2016, award winning social entrepreneur W. Michael Short, the Global Social Enterprise Institute (GSEI), and university partners committed to the national expansion of the nation’s first low-cost financing platform for small businesses.

It is anticipated that this new national financial technology (FinTech) platform, SourceFunding.org, will deploy $100 million in business financing by year end 2018 utilizing a universal application system and matchmaking algorithms to more rapidly facilitate access to low-cost financing through the 14,000 community banks and credit unions in the U.S.

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Ceremony at Le Moyne College Highlights Launch of SourceFunding.org

SYRACUSE, NY (November 11, 2015) - The Global Social Enterprise Institute (GSEI), founded at the Madden School of Business by Le Moyne College's inaugural Social Entrepreneur in Residence W. Michael Short, will highlight at Wednesday’s ceremony the launch of SourceFunding.org - the nation's first socially responsible, transparent, and low-cost financing platform for businesses and community organizations.

Photo: Jim Joseph is the Dean of the Madden School of Business at Le Moyne College.

The online financing platform uses advanced technologies to streamline the small business loan application process and match entrepreneurs of all backgrounds with the qualified community banks and loan programs that are most likely to provide financing. The platform will be working to empower veterans and other underserved entrepreneurs in particular.

SourceFunding.org Founder W. Michael Short

What sets SourceFunding.org apart existing online financing platforms, viewed by many to be "predatory lenders," is that it utilizes an innovative process tapping into the complete national network of 14,000+ community banks, CDFIs, & credit unions in the U.S., which typically offer lower and more competitive interest rates that save applicants money. Additional benefits include pursuing multiple financing opportunities simultaneously, saving considerable time, and also protecting the credit scores of entrepreneur applicants.