As a result of March's sequestration, colleges and universities are starting to figure out how to deal with government cuts from student loan funding and the trickle down of major cuts to agencies that support the bulk of institutional research and development. Tribal colleges and universities, ...
Data from the Paycheck Protection Program released Dec. 1 and analyzed by The Associated Press show that many minority owners desperate for a relief loan didn’t receive one until the PPP’s last few weeks while many more white business owners were able to get loans earlier in the ...
6. The reforms will also cap college graduates ` annual student loan repayments at 10% of their income, revitalize community colleges, and increase support for Minority Serving Institutions. 这些改革也将大学毕业生的每年学生贷款额限定在他们收入的10%以下,同时振兴社区学院并且提高对少数民族服务机构的支...
businesses hard-hit by the virus outbreak will be eligible for a second loan. the first round of the program saw overwhelming demand and the small business administration approved $349 billion in loans in just two weeks. but many minority-owned firms applied to multiple banks early i...
There are several government lending programs and non-governmental organizations you should look into if you want a business loan option that prizes the work of minority entrepreneurs. SBA 7(a) and 8(a) Development Program A7(a) loan through the Small Business Administration, a federal entity cr...
Government Guaranteed Competitive Rates Small Business Loans Are you tired of shopping around for the lowest commercial loan rate in the market or simply getting a quick approval for a small business loan to help jumpstart your business? We are a leading financial service company offering our client...
Minority depository institutions, or MDIs, "have emerged stronger now coming out of the pandemic and the recent crisis due to the government support and help from the big banks," James Sills, CEO of M&F Bank, a Black-owned lender based in Durham, North Carolina. He spoke at an ...
Richardson said she was planning to use the loan to put her seven bakery employees back to work and fulfill an 11,000-cake order from Safeway, one of her grocery clients. Now she doesn't know how she'll stay in business. "We were disenfranchised yet again," Richardson said. "But we ...
To qualify, 51% of the voting stock must be minority-owned or a minority-majority board of directors serving mostly minority communities. What is a CDFI? CDFIs are private financial institutions – including banks, credit unions, loan providers and venture capital firms – that provide fair and...
The Bottom Line Minority business grants are one way for minority entrepreneurs to secure funding for their businesses without having to take out a loan. Many companies and government agencies have increased their offerings of grant funding to minorities in recent years to address inequities in their...