U.S. Sen. Cory Booker (D-N.J.) brought an important issue for small business owners to the fore at his latest forum: access to capital.
The New Models to Improve Access to Capital Summit, held Friday at Rutgers Business School in Newark, focused on alternative ways for entrepreneurs to fund their businesses when banks can’t or won’t lend to them.
“Where the traditional banks are falling behind, these folks at this table are filling that void in creative ways,” Booker said of the panelists at the event. “We’re in the foothills of what I think is going to be … a revolution in lending and banking, a revolution in our country. The traditional banking model is going to be democratized by using technology and give more opportunity to people in our nation.”
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This was the fourth in a series of small business forums that Booker has organized around New Jersey this spring, including gatherings for minority business owners, women business owners and small manufacturers.
“I feel very blessed that I’m on the Small Business Committee in the Senate so I can really focus on what we need in New Jersey to grow,” Booker said after the summit.
“The entrepreneurial community in New Jersey, the small business community, is the one that’s producing most of the jobs in our state now. Nationally, it’s about two out of three, and that’s reflected in our state as well. We’re just trying to show people all the resources they have to help their businesses be successful to grow.”
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