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...

Published in Around the Web
Monday, 09 November 2015 08:00

Black Businesses To Have More Access To Capital

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...

Published in Around the Web
Monday, 02 November 2015 13:24

Banks caught redlining black communities

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…...

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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...

Published in Around the Web
Monday, 21 September 2015 08:00

Resilient shop owner reopens boutique after riots

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

Published in Headlines

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...

Published in Around the Web
Sunday, 13 September 2015 22:16

Blacks least likely to get business loan from banks

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....

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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....

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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...

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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...

Published in Around the Web
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