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Banking on Women™ Program


Sep 04, 2014
: 12:00 am - 12:00 am


Westminster College
1840 S 1300 E
Salt Lake City, Utah 84105

Westminster Seeks Female Entrepreneurs for Free Training Program
Revolutionary Banking on Women™ to begin fourth session in September

Online applications are being accepted through Aug. 11, 2014
Program begins: Sept. 4, 2014

SALT LAKE CITY – Westminster’s Center for Entrepreneurship and the Utah Microenterprise Loan Fund are seeking female applicants for its eighth business education and loan program. Applications are being accepted online through August 11, 2014 at www.gecapital.com/en/banking_on_women.html.

Launched in 2010 by GE Capital, Banking on WomenTM helps female entrepreneurs jump-start their own businesses by providing business plan development assistance and mentoring as well as access to funding. For the next session, which begins Sept. 4, 2014, GE Capital will provide 15 scholarships to qualified applicants for the 15-week intensive program.

Westminster’s Center for Entrepreneurship has partnered with GE Capital and the Utah Microenterprise Loan Fund to support female business owners. By investing in female entrepreneurs, the program supports job creation, retention, and economic development in Salt Lake City. More than 94 female entrepreneurs have participated in Banking on Women™ and over 50 businesses are currently in operation.

Who should apply:
Banking on Women™ is designed for women who are not able to access traditional sources of funding for their businesses. Female entrepreneurs looking to start or grow their microenterprises are encouraged to apply. A microenterprise business is a small business with five or fewer employees that requires less than $35,000 to start, and is too small to qualify for commercial banking services.

The Banking on WomenTM program is free. For more information, contact Kathy Ricci at kricci@umlf.com, or visit http://www.gecapital.com/en/banking_on_women.html

Media Contacts: Krista DeAngelis & Arikka Von (801) 832-2682

About Westminster:
Westminster is a nationally recognized, comprehensive liberal arts college. With a broad array of graduate and undergraduate programs, Westminster is distinguished by its unique environment for learning. Westminster prepares students for success through active and engaged learning, real world experiences and its vibrant campus community. Westminster’s unique location, adjacent to the Rocky Mountains and to the dynamic city of Salt Lake, further enriches the college experience. For more information, visit www.westminstercollege.edu or follow WestminsterSLC on Twitter.

About the Center for Entrepreneurship:
The mission of the Center for Entrepreneurship is to encourage students to explore new ways of thinking about market opportunities and to consider the possibility of taking an entrepreneurial path in their careers. To accomplish this, the center provides extensive training in the skills of entrepreneurial leadership: innovating, validating, planning, funding, and launching new ventures. The center offers programs in business plan development, financing and marketing new ventures, mentorship and engaging students in field experiences to network with investors, lenders, and successful entrepreneurs. Students have the opportunity to participate in various competitions and other activities to develop business concepts and expand their leadership skills. Learning and mastering the skills of entrepreneurship prepares individuals for successful careers in creating new ventures, developing existing corporations, and building community organizations.

About GE Capital:
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (http://twitter.com/GECapital).

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

About the Utah Microenterprise Loan Fund:
The Utah Microenterprise Loan Fund (UMLF) is a private, non-profit Community Development Financial Institution whose mission is to provide management assistance and funding (up to $25,000) to new and existing small business owners who are not able to access traditional sources of funding; especially those who are socially and/or economically disadvantaged.

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