Innovative Sources of Capital to Fuel Small Business Growth

 

Jean Marie Richardson
Vice President, Financial Institutions Group

Jean Marie Richardson is Vice President, Financial Institutions Group at NOW Corporation.  NOW’s flagship solution, NOWaccount®, is a new funding model designed to empower small businesses across the U.S.

Jean Marie’s background includes Fortune 500 firms, startups, and her own business. Prior to joining NOW, Jean Marie was Vice President of Business-to-Business Commercial Acceptance at MasterCard, where she grew a B2B Supplier Enablement program to more than $1 Billion GDV (Gross Dollar Volume).

Ms. Richardson will cover three key points:

• Small businesses need capital to take on larger/additional customers and to grow. Traditional forms of capital (debt (loans) and equity) don’t leverage the largest asset that most small businesses have so it can feel like there is no capital available that works – NOW there is!.
• The large business and government customers that drive growth take longer to pay – and slow payment is “the New Normal” so small businesses are balancing the desire to grow with the burden of funding this trade credit with their bigger customers. More businesses GROW out of business than GO out of business.
• A healthy, growing small business will access many different types of capital as they grow. The key is to use the right type at the right time for the right use. NOW there is a new option for small businesses to help manage cash flow, accelerate revenue, and grow fearlessly!

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