Minority Biz - Small Business Tips and News for Minority Owned, Black Owned, and Women Owned Businesses

The surge of black-women owned businesses helped the U.S. Small Business Administration post-double-digit dollar gains this year in loan approvals for those firms.

The SBA’s 7(a) Loan Program, the agency’s primary and most common lending program, approved 696 loans for just over $166.7 million for African American women businesses, up 3% in the number of loans and a 20% jump in dollar amount in the fiscal year 2018 from 2017.

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Unable to find a job after graduating from Spelman College was discouraging for Danielle P. Jeter, especially because she had done everything right. Not only was she accepted into the prestigious HBCU, but she also became a standout student and excelled during her academic career. “I had a whole résumé of experience. I studied abroad. I interned every summer. I got jobs.

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The John C. Lodge Freeway, which was first built in the 1950s and named after the former mayor in 1987, connects the city of Detroit to the suburbs, ending in Southfield. That was the inspiration behind native Detroit media personalities Jemele Hill and Kelley L. Carter founding Lodge Freeway Media: to connect the world to stories about people of color, specifically women.

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Representing one of their largest contribution ever, member companies of the Inclusion Initiative spent more than $240 million last year with black law firms and other minority firms including women-owned (MWBE) law firms.

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Joy Davis, the woman behind the Waller Gallery art museum which opened its doors this past April, says it was all her mother’s idea. Davis just took that idea and ran full-speed with it.

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There are currently over 2,500 different categories of franchise businesses in the US today. That number can be overwhelming when trying to consider what type of business to purchase. While some people lean toward areas they are passionate about (e.g. Senior Care, Children’s Services, Pet Care, etc.), sometimes it’s simply about doing something different and fun. That was the case for Leisa Lundy.

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Opportunity Fund, the largest nonprofit lender to small businesses in California and national leader for the microfinance movement, announced today a campaign to identify, educate, mentor, and provide access to capital for women-owned small businesses.

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Monday, 30 July 2018 19:00

BET Co-Founder Operates Elegant Spa

Walking through the doors of the Salamander Resort & Spa in Middleburg, Virginia, feels less like checking into a hotel than akin to visiting an old family estate in the countryside. Equestrian touches everywhere allude to the horse country provenance of the region, the lush garden surroundings tucked into the foothills of the Blue Ridge Mountains entice you to sit for a spell on one of the overstuffed window seats, and the library is stocked with classic books befitting the quaint historic town—or with a chess set and a roaring fire, if you prefer.

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Finding the perfect card that says all the right things can be difficult, but Andrea Williams sure has the perfect card for the occasion. Founded by Williams, Paisley Paper Co. is a black-owned stationery company located in Detroit, Michigan that is here to meet all your stationery needs.

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Black-owned makeup line Pat McGrath Labs recently secured a $60 million deal from New York-based investment firm Eurazeo Brands, with beauty industry insiders speculating that its valuation has been raised to $1 billion and surpassing that of Kylie Jenner’s cosmetics company (valued at $800 million), according to a press release from the investment firm. Eurozeo will become minority shareholders in Pat McGrath Labs

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