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…

THE POWER OF CAPITAL: HOW TO FUEL THE GROWTH OF YOUR BUSINESS

THURS. 1/14/21, 4P.M. EST Chase for Business and Advancing Black Pathways have come together to offer Advancing Black Entrepreneurs — a collection of practical resources tailored to help Black business owners grow and scale their business. In partnership with Black Enterprise, the National Urban League, the U.S. Black Chambers and…

New York Takes Action to Protect Small Businesses Nationwide from Predatory Lenders

Bloomberg August 30, 2019 Cuomo Signs Bill Cracking Down on Small-Business-Loan Abuses By Zachary Mider Ban on out-of-state confessions of judgment has national scope Law will restrict use by unregulated cash-advance lenders New York Governor Andrew Cuomo signed a bill aimed at preventing predatory lenders from using the state’s court…

Scientific Opinion Poll Finds Micro Businesses Optimistic about the Future of their Business and Economy

Poll of 470 businesses with 10 employees or fewer shows they’re key drivers of our economy and looking to grow, however nearly six in 10 who need credit to do so say getting it is a serious problem Washington, DC, Oct. 9, 2012—A scientific opinion poll released today shows the…