February 10, 2014 | The Philadelphia Tribune by Ayana Jones
A new initiative aims to help women-owned businesses gain access to capital and mentorship.
Entrepreneur Works, an organization that provides loans and support services to local entrepreneurs, was selected as the Philadelphia loan partner for Elizabeth Street Capital — a Tory Burch Foundation and Bank of America initiative.
The Elizabeth Street Capital initiative aims to foster economic independence and strengthen local economies through job creation and community revitalization. The initiative is designed to provide early-stage women entrepreneurs in the United States with access to low-cost capital, mentoring support and networking opportunities to grow their businesses, creating communities of women entrepreneurs.
“When we started our foundation, we understood that women entrepreneurs need access to capital as well as access to business networks, and by partnering with Bank of America, we are thrilled to be providing help to women across the United States. The combination of loans, mentoring support and peer networking expertise opens up new opportunities for women looking to build and grow their businesses,” said Tory Burch, founder of TBF.