Displaying items by tag: Financial Planning

While Black entrepreneurs have complained about problems with the Small Business Administration’s financial assistance programs owners and advocates of Black banks say they could be a help and a resource of information and capital for Black firms during the coronavirus pandemic.

The novel coronavirus pandemic has severely impacted small businesses around the country with many seeking federal relief to keep their workforce and operations afloat. Despite government stimulus incentives and loans through the broken PPP program, black business owners are uncertain that federal relief will be enough for them to save their business.

With an estimated 99.95 percent of small business owners and entrepreneurs opting for debt financing, knowing how to prepare your business for a loan application is a must.Among the documents that a lender will review, your personal credit, as well as your business credit are criteria that play an important role—both can either...

The stars are shinning bright for Brown Capital Management this year. A small, talented team of portfolio managers propelled the BE 100s’ financial services company to becoming the first minority-owned firm to earn a series of coveted recognitions from Morningstar, the independent investment research and management company.Brown Capital’s Small C...

Russell Simmons is finally able to run some errands without a disgruntled RushCard holder verbally attacking him....

OneUnited Bank members and partners have launched a new community-based initiative aimed to help Liberty City residents build wealth and secure homeownership. On Thursday, Sept. 24, the bank and trustees of the Miami-Dade Chamber of Commerce hosted a private reception to celebrate the launch of “Yes! In Our Backyard.” The $1 million, 12-month pro...

The people who have accumulated fabulous fortunes tend to keep the habits that got them rich in the first place....

Young entrepreneurs have the challenge of raising funds on little to no credit history. Here's how to overcome this obstacle....

A new study released Tuesday by Prudential finds African-Americans retire earlier than the general population on average, despite significantly lower retirement savings......