Access to Capital

Opinion: Business Campaign for Better Access to Capital for Black Entrepreneurs

Jacksonville Free Press April 21, 2021 By Frank Knapp Jr. and Derek Peebles In September of 2019, long before anyone had ever heard of the coronavirus, The Republican Party’s only Black U.S. Senator, Tim Scott (R-SC) announced that he had introduced the Enhancing Entrepreneurship for the 21st Century Act along with…

Minority Entrepreneurs Struggled to Get Small-Business Relief Loans

The New York Times April 4, 2021 A year after the Paycheck Protection Program started, studies show how its design hurt Black- and other minority-owned businesses. Shaundell Newsome of Small Business for America’s Future said changes were needed throughout the banking industry to improve outcomes for Black owners. By Stacy Cowley…

Number of banks shrink by 68%, small business loans suffer

PRESS RELEASE Contact: Frank Knapp Jr. 803-600-6874 fknapp@scsbc.org Policy recommendation: More of the same Columbia, SC, March 23, 2021—The number of commercial banks has decreased 68% since 1980.  Only 4,600 banks exist today because “many smaller sized banks have disappeared during this period, via mergers or failures” according to a…

Supporting Entrepreneurs Elevates Our Communities

Arkansas Business February 19, 2021 by U.S. Rep. French Hill and Jeff Standridge This week celebrates National Entrepreneurship Week, which highlights the work done by entrepreneurs across the country. Our state is home to a number of thriving businesses started by determined individuals who had a vision and boldly pursued their…

100 Organizations call for fair PPP treatment for ALL microbusinesses

February 13, 2021 When the first round of the Paycheck Protection Program (PPP) was rolled out by Congress early last year to help “small businesses” pay employees, utilities and rent; it became very clear that many very small businesses and self-employed were shut out. One of the biggest hurdles was…