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Montclair, New Jersey: Kamau Austin is an unlikely connection to billions of dollars in Black, minority and small business financing. Just a few years ago, when Austin asked his wife to login into the free computers at his neighborhood library, he couldn’t possibly foresee his future. Austin was using the free library computers because he was too poor to afford his own but wanted to start a business. Today, Austin is a leading ecommerce evangelist and resource on small and minority business financing.

Austin is the publisher of the purposeful web business training and financing site for minority and Black business, eINfoNEWS.com. He is also the first African-American to develop a multimedia eBook training system revealing how to raise money for small businesses even when the business owners don’t enjoy good credit. His eBook combines text, audio, and video clips from his experience but also includes some interviews with leading experts in various fields of business financing like grants, SBA backed loans, and obtaining lucrative contracts with the federal government and major corporations. Furthermore, he also discusses minority and women certification as a way to procure contracts with the federal government and major corporations.

Austin is convinced that lack of hundreds of thousands of dollars or access to millions need not stop African-Americans and minorities from venturing into the realm of owning a small business.

His multimedia training resource entitled “Raise Cash Fast,” shows innovative ways to raise money for Black, minority or small business people who want to realize their dreams of owning a viable business but don’t have deep pockets. Unlike other books on obtaining financing like grants, loans, and SBA loans currently available, “Raise Cash Fast” (http://www.RaiseCashFast.com) features new insights now only available in this Internet age. Austin shares tips and tricks he used to finance his business like sales and marketing with e-mail, eBay, search engines, Amazon sales and even online microloan sources. These microloan sources were able to do loans completely online with digital signatures and electronic transfers.

Moreover, he also shows how to raise money quickly while building your business and personal credit history with these micro-lenders. One microloan source he reveals in Raise Cash Fast has given over 12.9 dollars in loans to startup businesses worldwide. His eBook, Raise Cash Fast, aims to be a useful resource because it not only shares how to raise money for your business but actually links eligible business people with microloans, SBA loans, and commercial real estate financing. Austin is able to refer his readers to loan services through his business agreement with a prominent East Side Manhattan Financial Broker. He also refers businesses looking to raise $2,500 - $25,000 to his referral agreements with top microloan organizations.

“Teaming with a financial broker that has thirty years of financial experience and that has raised over 3 billion dollars for small and minority businesses will be a real plus for our eBook readers and website users,” Austin claims. “Our broker helped raise money for the first McDonalds in Harlem years ago and also got commercial real estate financing for the romantic horse carriage rides in Midtown Manhattan. He has a master’s degree from Columbia University and links to the NYSE company Allied Capital.” Austin’s finance team focuses on SBA and commercial real estate financing between $250,000 to $2.5 million.

Austin explains, “those who have a good, commercially viable idea, a solid business plan, experience in their business sector, and reasonable credit scores should apply for small business financing at: http://www.RaiseBusinessCashFast.com.

On the other hand, for those who have no or low credit scores, a new business idea, or are in business less than 5 years, he suggests they read his book “Raise Cash Fast” at http://www.RaiseCashFast.com.

Since Raise Cash Fast covers business financing from every level like personal or friend and family investments to angel investors, venture capitalists, and IPOs “this e-book is an excellent resource for everyone” says Dante Lee a leading young black entrepreneur. Dante Lee is publisher of BlackNews.com, and has been featured in Black Enterprise and Ebony magazines. After reading the eBook Mr. Lee further states “It reveals the little-known sources that will give loans to any business – even if you have bad credit.”

Other leading black business experts and professionals seem to agree like Andrew Morrison. Morrison is one of the few Black business people to appear on the Oprah Winfrey Show because he built a 3 million dollar business before he was thirty (30) years of age. Morrison is a frequent contributor to the Black Enterprise Television program and also has been featured in their magazine. He feels "Kamau Austin gives you the real deal when it comes to raising money for your business." Dr. Stephen Jones, BA, MA, MBA, EdD, and Associate Professor at Villanova University even goes as far to describe Raise Cash Fast as a “Business Finance Masterpiece.”

Even in the Internet age, Austin believes the old adage “it takes money to make money” still has great merit. While home-based and e-businesses certainly can be run with lower overhead than traditional businesses “there is no business advance without finance” says Austin. Kamau goes on to reveal more of his insights on the matter. “There has been an inseparable relationship between business and finance since the beginning of civilization. Business and finance go together like ice cream and cake, peanut butter and jelly, or love and marriage. You can have one without the other, but it is much more enjoyable to combine them together.” Then Mr. Austin gives an example from his painful experiences.

“I was running a very profitable Internet business. I was outsourcing work to 9 people in my virtual team and still posting a great profit. At first I had problems getting credit because I once co-signed for a friend who didn’t meet the obligations of the loan. I was still able to eventually obtain financing with a little known microloan source. I needed the loan to ease cash flow concerns of paying fees to my virtual team. Then I was stricken with cancer. After 4 surgeries and 9 weeks of chemo it seems like I am finally winning the battle. But my business took a dive after losing my best clients. But I developed an excellent repayment record with my microloan source and was able to borrow and survive in business despite my terrible battle with cancer.”

In short, Kamau Austin feels having access to capital in business is necessary to survive and thrive given the personal and business challenges that will happen in the life of any business owner. To get a copy of the instantly downloadable e-book Raise Cash Fast go to: http://www.RaiseCashFast.com

Labels: business capital, business financing, business grants, business loans, raise money fast for business