Double bottom line financing refers to a lender or investor which focuses on both a financial return and a social return when it makes an investment decision.In the February edition of Inc. Magazine, Nitasha Tiku discusses the latest trends in "Do-Gooder Finance" by highlighting a select group of investors and lenders that want to meet companies that pursue social goals.
In the article, Tiku mentions three lenders - New Resource Bank, RSF Social Finance and ShoreBank Pacific - and four equity investors - Underdog Ventures, Root Capital, Good Capital and TBL Capital - as examples of double bottom line funding sources.
In the past, I have written about other double bottom line investors such as Golden Seeds, 12 Angels Investment Group and Pacific Community Ventures.
Apparently, it's an idea whose time has come!
Hopefully, the companies that approach these investors and lenders will understand that the profit motive has not been abandoned altogether. It's just that double bottom line capital is prepared to be more patient, consider unusual business models and look at the impact on a community.
Need help finding the right lender or telling your story the right way? Read "Matchmaking for Business Loans" and give me a call!
Tags : Double Bottom Line , Inc Magazine
No comments:
Post a Comment