leaving many minority-owned companies that rely on smaller institutions or banks that didn't participate on the sidelines. Data from the2018 Small Business Credit Survey, conducted by the 12 Federal Reserve banks, shows discrepancies in approvals for non-PPP loans. Bigger banks approve 60%...
Minority business: The new wave. (cover story)Reports on developments related to minority-owned small businesses in the United States. Increase in number of minority-owned businesses; Minority entrepreneurs as being increasingly well-prepared to run businesses; Alliances with other companies; ...
For business certification in the private sector, theNational Veteran-Owned Business Association’s Certified Veteran’s Business Enterprise(VBE) program offers certifications as a marketing tool for businesses that want to work with VBEs. Your small business must be at least 51% owned by one or ...
Minority-owned businesses are on the rise. Over the past twenty years the United States has seen steady growth in the number of businesses owned by minorities of all sorts. The African-American, Hispanic, Asian, and Native American communities all saw significant surges in small business start-...
Legal Issues for Small & Emerging Businesses The ABCs of Starting Your Own Business Business Formation Establishing Your Business Credit The Advantages of Becoming a Certified Minority-Owned Business Marketing & Sales Through Social Media How to Access to Capital and Secure Loans ...
Whether or not a small business is minority owned, 51 percent of small-business jobs performed by minorities could be vulnerable in the near term, compared with 47 percent of small-business jobs performed by white employees. Hispanic employees, for example, compos...
“Minority-owned small businesses play a significant role in the health of our economy,” said Mikal Quarles, executive director at Chase. “They are creating jobs and driving innovation in this country, yet still face challenges when it comes to access to capital and a network. That is why...
Union Bank: If you’re running a minority-owned business in California, Georgia, Illinois, New York, Oregon, Texas or Washington, then Union Bank’s small business loan program could be a perfect fit for your financing needs. As long as your annual revenues don’t exceed $20 million and ...
Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to...
rather than getting paid as fast as possible, are stuck waiting for weeks or months to get paid. A rapid invoice payment system lets your minority-owned small business get paid much faster, often within a few days. However, if you don’t have one, here are a few tips to get paid on...