Displaying items by tag: Financing

Four Detroit-based minority-owned small businesses receiving $325,000 in loans and lines of credit will provide lighting, construction, and retail services to aid Detroit’s recovery from the neighborhoods to downtown. The lending is from the Entrepreneurs of Color Fund, made available through a $6.5 million commitment from the Detroit Development...

Access to small business capital for minorities will significantly change since the SEC is finally passing Title III Crowdfunding, opening up the doors to an even wider pool of investors for small businesses and minorities.The U.S. Securities and Exchange Commission voted 3 to 1 to finally allow all non-accredited investors (those who have less...

The old adage, “the more things change, the more they stay the same”, seems somehow an apt description for what a growing number of communities…...

VEDCand JPMorgan Chase & Co. have announced a new lending program for African American-owned small businesses in New York City, Chicago and Los Angeles. The National African American Small Business Loan Fund will boost economic opportunity for minority-owned businesses in these cities and help them serve low-income communities by providing...

Taylor Alexander, 23, reopened her Baltimore-based business— Flawless Damsels Boutique— for a second time on August 29, 2015....

Small businesses that lack access to credit and primarily serve Detroit’s neighborhoods can now take advantage of a new loan program.JPMorgan Chase & Co. along with W.K. Kellogg Foundationhas announced a new $6.5 million lending program for Detroit businesses owned by entrepreneurs of color, and businesses that primarily hire people of color.Th...

Black-owned businesses face tougher challenges than other groups when seeking bank loans, according to a new study by the Gallup polling company commissioned by Wells Fargo....

Minority-owned banks are crying foul about the federal government snubbing them for tax credits they say could generate economic development in the nation’s most needy communities....

MBE Capital Partners, Inc. (MBECP), a certified minority owned enterprise that is the leading funding source for small to medium Minority Business Enterprises (MBEs), ha...

LaShonda Bracey doesn’t look for paths that lead to nowhere, she blazes her own. With astonishing success in government contracting, an area many businesses—particularly small businesses—often overlook, she works tirelessly and passionately to help identify the vast opportunities that are on the table.[Related: White House ConnectHome Pilot...