EnrichHER Completes First Loan with LilliiRNB
Women-led Venture Capital Platform to Help Support Growth of Systems Integrated Consulting Company
Press Release – Atlanta, GA – March 28, 2019 (FOR IMMEDIATE RELEASE) EnrichHER, a crowdfunded lending platform for women-led businesses, has completed its first loan with consulting company LilliiRNB. The deal, which closed last Friday, will enable LilliiRNB to continue its growth within the retail industry as an integrated consulting company serving the retail point of sales market.
EnrichHER was founded by Dr. Roshawnna Novellus whose mission was to make capital accessible to female owned businesses. Through the cloud-based platform, investors have the opportunity to lend to small businesses, with loans up to $75,000. The technology behind EnrichHER is supporting one of the fastest growing enterprise segments, minimizing the gap between investments in male and female owned businesses.
LilliiRNB was founded by Barbara Jones, a successful IT consultant turned entrepreneur. “We are excited about the EnrichHER loan because the terms were much better than the other debt options available to us,” Barbara Jones adds, “Unfortunately there are limited ways to get funding for early stage companies, especially for women and minorities.” The company, which launched in 2015, enables women and people of color to excel in the technology industry. In addition to the funding generated through EnrichHER’s platform, LilliiRNB is also backed by Infosys, one of the largest IT consulting firms in the world, and over $1.2M in revenue just last year.
LilliiRNB was carefully vetted before being accepted to EnrichHER’s program, supporting the notion to bring only the highest quality businesses to the forefront of capital accessibility. “We couldn’t be more excited about the completion of our first loan, which is going to such a well-deserving company that stands true to our core mission,” CEO Dr. Novellus shares. “We are confident in LilliiRNB as a business and know it will be our first of many successful partnerships.”
The link to LilliiRNB’s campaign is followed here: https://funding.ienrichher.com/offering/lillirnb
Additional pre-screened funding opportunities are available on EnrichHER’s website at funding.ienrichher.com/offerings/browse.
EnrichHER is a crowdfunded lending platform for women-led businesses that makes it easy for investors to provide affordable and non-dilutive capital to women led ventures. EnrichHER Funding is fueling the growth of women-led businesses by enabling female founders to secure capital in an affordable and non-dilutive way. We provide investors with an opportunity to lend to small businesses. EnrichHER Loans range from $50,000 to $75,000 and are made to pre-screened women-led companies.
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