BELLEVUE, Wash., Feb. 10, 2016 /PRNewswire/ -- To cement its commitment to fueling America's small business engine, Guidant Financial has pledged to help entrepreneurs secure $410 million in small business financing by the end of 2016. The company is a leader in helping entrepreneurs research, develop and deploy intelligent capital solutions so they are better prepared to succeed in small business ownership. The pledge marks the kickoff of a campaign to highlight small business owners, encouraging Americans to shop small and support local businesses every day.
The $410 million goal raises the bar from last year, when Guidant surpassed its pledge to deploy $350 million, ultimately helping entrepreneurs secure approximately $382 million in financing. To help project the estimated impact of $410 million on the economy, Guidant Financial referenced an Economic Impact of Franchised Businesses report from the International Franchise Association. According to the report's formula, an infusion of $410 million in capital could add approximately 22,272 U.S. jobs to the economy, $1.4 billion toward overall GDP and produce $2.3 billion in economic output.
"Small businesses have a tremendous impact on our economy, and these businesses are our neighbors, helping strengthen and support local communities with commerce, jobs and tax revenue," said Guidant CEO and co-founder, David Nilssen. "It's rewarding for us to be able to work with so many of these entrepreneurs, and we are confident we have the network and processes in place to help even more succeed in 2016."
Since 2003, Guidant Financial has helped 11,000 entrepreneurs in all 50 states to deploy over $3 billion in funding to start or acquire a small business or franchise. These businesses have, in turn, directly employed more than 60,000 Americans.
Guidant is tracking progress toward the $410 million mark in real time on its homepage at guidantfinancial.com. As part of the "Faces of $410 Million" campaign, small business owners will be featured on Guidant's website, blog and social media channels to help showcase business owners and their journeys to entrepreneurship.
About Guidant Financial
Guidant Financial works with entrepreneurs to identify, evaluate and deploy intelligent business financing strategies. Their services include, but are not limited to, rollovers as business start-ups (ROBS), SBA loans, unsecured credit and portfolio loans. Visit Guidant on the web at guidantfinancial.com.
Hollywood Public Relations
SOURCE Guidant Financial