A seminar to help would-be entrepreneurs get access to finance is to be held this month.

The Bermuda Economic Development Corporation discussion on accessing alternative finance will focus on non-bank sources of funding for small and medium businesses.

Erica Smith, BEDC executive director, said: “BEDC supports local businesses by providing loan guarantee assistance when needed.

“In recent times, there has been a scale-back of bank financing and businesses are looking for options.

“As a result, we recognised that there is a knowledge and opportunity gap in Bermuda with regard to alternative sources of financing.

“This seminar is our way to help try to fill that gap by offering entrepreneurs information on alternative ways that they can obtain the financing they need to ensure that their businesses can survive and thrive.”

The seminar will look at different types of finance, including angel investment, equity financing and crowdfunding.

In addition, panellists will discuss how to position a business for private sector financial support and accessing the local investor network.

The seminar will be held on Tuesday, April 19 between 8.30am and 11am at the Bermuda Underwater Exploration Institute on East Broadway.

To register, call 292-5570, e-mail info@bedc.bm or visit www.bedc.bm. Registration costs $50 for non-BEDC members and $40 for members.