Access to Capital

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…

Commentary: Advocating for Small Business And Only Small Business

The Community Times Magazine December/January 2020/2021 By Frank Knapp Jr. Twenty years ago, a novel organization was founded—the South Carolina Small Business Chamber of Commerce (SCSBCC). Nationwide, state chambers of commerce had agendas that mostly served the interests of their big, dues-paying members. The SCSBCC was to be solely advocating…