Entrepreneurs face obstacles as they seek to borrow funds to start, operate and grow their businesses. A survey of 1,000 small businesses in 2019 found that nearly half could not borrow needed funds during the previous 12 months. Another study found that 64% of employer businesses relied on personal or family savings for start-up capital in 2014. In the first installment in the McNair Center for Entrepreneurship and Economic Growth’s exploration of market-based, governmental and nonprofit approaches to improving access to capital for small businesses and entrepreneurs, McNair Center Director Jennifer Rabb talked with Eric Griego, co-founder and CEO of Betterfin, about his company’s innovative approach to the financial needs of entrepreneurs and the public policy challenges that the company and its customers face.
View the second event in this webinar series, an exploration of the government/nonprofit approach to improving capital access, here. The third installment, which explored the utilization of blockchain and cryptocurrencies among small businesses today, can be viewed here.
This event was sponsored by the Baker Institute McNair Center for Entrepreneurship and Economic Growth. Follow @BakerInstitute on Twitter and join the conversation with #BakerEntrepreneur.
2:00 p.m. — Welcome
2:05 p.m. — Discussion
2:35 p.m. — Q&A
Registration is closed.
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Eric Griego is co-founder and CEO of Betterfin, a platform for business owners looking to secure commercial financing. By integrating with the credit bureaus, the banks and alternative lenders, Betterfin provides business owners with a uniquely data-driven approach to finding a loan. For lenders, Betterfin provides advanced credit technology to help automate and decision borrowers.
Griego previously worked as the product manager of AI and graph at data platform Radius, where he helped to build the business-to-business market's most extensive graph of commercial data. Then, as product manager of decision science at OnDeck Capital, he constructed industry-leading alternative credit models that funded over $4 billion in capital. Griego also has a technical background in data science and engineering from his time working as a research analyst in credit for Goldman Sachs.
Director, McNair Center for Entrepreneurship and Economic Growth