Glendale, Calif.–(enterprise wire)–LegalZoom, the main supplier of on-line authorized help, introduced a brand new partnership with Axion Alternative Fund (AOF), the nation’s main non-profit small enterprise lender and help group. The partnership is designed to extend entry to inexpensive capital and authorized providers for small enterprise homeowners, particularly entrepreneurs of coloration, ladies and immigrants. That is LegalZoom’s first vital non-profit partnership and an essential milestone in its mission to democratize the regulation and assist anybody, no matter their affluence or background, discover themselves, their households, companies and concepts. shield.
LegalZoom is offering philanthropic assist to AOF’s Small Enterprise Reduction Fund, which is offering speedy monetary help to small companies which might be struggling to remain afloat amid the COVID-19 pandemic. Moreover, LegalZoom and AOF will collaborate to create new academic assets to assist small enterprise homeowners navigate authorized challenges.
Dan Wernikoff, chief govt officer of LegalZoom, stated, “The inequalities dealing with varied small enterprise homeowners have existed lengthy earlier than the pandemic, are exacerbated by this, and are vulnerable to persevering with after the pandemic is over. Is.” “Small companies searching for authorized providers are the most important group depending on LegalZoom. The great synergy between our organizations makes our partnership a pure match to make a distinction now and in the long run.”
The Accion Alternative Fund reaches small enterprise homeowners who’ve traditionally confronted extra boundaries to accessing capital and different assets to begin or develop a enterprise – challenges which were exacerbated by the COVID-19 pandemic. For instance, black-owned companies had been extra disrupted by the pandemic than white-owned companies, recording solely 8.8% profitability and development, respectively, in comparison with 14.7%. Ladies enterprise homeowners have been significantly hit by the pandemic. That is although ladies of coloration, and black ladies particularly, moved into 2020 as probably the most entrepreneurial group in society, beginning companies quicker than some other group. AOF helps these enterprise leaders get the inexpensive capital and knowledgeable enterprise recommendation they should construct and develop wholesome enterprises that create jobs, construct wealth, and contribute again to their native economies .
Wernikoff stated, “Entry to capital and authorized help can imply the distinction between constructing a enterprise or not. Our firm goals to assist and assist underprivileged entrepreneurs.”
“Partnering with LegalZoom will assist Axion Alternative Fund develop the variety of small enterprise homeowners we’re in a position to present inexpensive and clear capital, and the small enterprise homeowners we assist throughout such important occasions. carry to them the experience of LegalZoom,” stated Luz Urrutia, chief govt officer, Axion Alternative Fund.
To be taught extra in regards to the wants of small enterprise homeowners and partnerships, learn LegalZoom’s Q&A with AOF CEO Luz Urrutia: https://www.legalzoom.com/articles/qa-with-accion-opportunity-fund- ceo-luz-urrutia .
About Accion Alternative Fund
The Accion Alternative Fund works to create an inclusive, wholesome monetary system that helps the nation’s small enterprise homeowners by connecting entrepreneurs with inexpensive capital, academic assets, teaching and networks. By means of progressive partnerships and outreach methods, we attain entrepreneurs of coloration, low-income and girls – who typically wouldn’t have entry to the monetary providers they should construct and develop their companies. Learn extra: www.opportunityfund.org.
All loans issued by Alternative Fund Neighborhood Growth, CA Finance Lender License #6050609.
LegalZoom is a trusted on-line platform that gives authorized help to people, households and small companies. LegalZoom empowers tens of millions of individuals within the US and UK to develop their companies, care for his or her households and shield their concepts. Learn extra: www.legalzoom.com.