Minority Entrepreneur Receives Additional Business Funding From Angelo Sferrazza, Cincinnati, Ohio, President, The IL Bridge Fund, To Open Second Location

Minority Entrepreneur Receives Additional Business Funding From Angelo
Sferrazza, Cincinnati, Ohio, President, The IL Bridge Fund, To Open Second
Location
(1888PressRelease) One of The IL Bridge Fund's minority clients has successfully gone from an
employee to business owner and is announcing the grand opening of a Second Business Location
this week, helped by funding and financial mentoring from Angelo Sferrazza, The IL Bridge
Fund, located in Cincinnati, Ohio. Our client's unique business concept is a hit with his targeted
marketplace and minority community.
(1888PressRelease) - Access to the funding needed to start a business is almost always an issue,
especially with those owned by African, Hispanic (Latino), or Asian Americans, who are more
likely to lack the financial resources necessary to achieve adequate capitalization. A 2000 report
published by the U.S. Minority Business Development Agency concludes that the growth of
Minority Business Enterprises (MBE or MWBE) has contributed to the strong growth of the U.S.
economy, but that growth cannot continue without removing capital formation constraints.

To assist the minority entrepreneur, The IL Bridge Fund has lending programs for minorities
who desire to be business owners. Most recently, a current client of The IL Bridge Fund referred
Mr. Demetrious of Southwestern Ohio to Angelo Sferrazza, President, The IL Bridge Fund to
help him develop a Business Plan for Success and find funding.

When Mr. Demetrious first heard about this program from The IL Bridge Fund he was training
as a barber helping to pay for his schooling by working at a local sports bar. At the time the
sports bar was experiencing declining revenue and Mr. Demetrious was going to be laid off. He
started thinking about buying the business, but had no idea how to finance it. However, Mr.
Demetrious not only needed funding, he needed a 'big idea' to rebuild the business revenue.
That's when he realized that the men and women visiting the location were always dressed in
their finest and groomed to impress anyone they might meet. So Mr. Demetrious created a
unique personal grooming and entertainment concept--a one-stop shop for looking your best
before you meet friends and have fun at the sports bar that would now boost a restaurant as part
of the facilities, in addition to live music.

"After meeting with this budding business owner, and helping revise the business plan and
negotiate terms for the acquisition, I felt there was a real chance for him to succeed. This is a
great example of how bridge funding can help an individual with the dream of owning his
owning and expanding a small business," says Mr. Sferrazza.

Within the space of a few years of being mentored by Mr. Sferrazza and the professionals at The
IL Bridge Fund this local Ohio businessman has created a unique community venue with the One
Hundred and Fifty Thousand Dollars in initial funding in participation with a third party lender
we extended Mr. Demetrious to help him purchase and reinvigorate an existing business in 2009.
The business has proved so successful that The IL Bridge Fund recently offered him additional
funding of over Two Hundred Thousand Dollars to open a second location, celebrating a Grand

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Opening this week. Both locations will create new jobs in Ohio that will in turn impact the
economic development of the local communities.

"This is why the 'Bridge Lending Programs" were developed," says Angelo, "to supply 'short-
term' financing for those businesses who need more timely funding and validation of their
business model."

Angelo Sferrazza created the IL Bridge Fund in 2009. The IL Bridge Fund, an Ohio Limited
Liability Company, is the funding source for Mid-market Emerging and Existing Companies and
Real Estate Investors that have valuable marketable assets that can be used to secure an initial
bridge loan (short-term). This approach and overall goal of The Bridge Funding Program is to
provide the time needed for companies to secure more permanent funding from traditional
lenders (Banks), or investment organizations. This is based on allowing companies the time to
validate their businesses. The IL Bridge Fund has funded millions of dollars in transactions to
date.

http://www.theilbridgefund.com
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