Displaying items by tag: Startup 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...

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...

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....

The chances of receiving funding is very slim, so if you are serious you are going to have to dip into your own pockets....

A new partnership with Citigroup aims to provide free help to aspiring female-business owners....

Establishing a consumer product-based business versus a service-based or tech-based startup creates some very specific challenges. With service and tech, most of the initial cost during proof of concept comes from time and labor, but with consumer products, your startup costs involve product development, sample production, marketing and sales effo...

More than 180 urban entrepreneurs were ready to pitch their business at Inner City Capital Connections’ annual conference co-sponsored by Bank of America in New York City. But only four made the cut and were given the chance to sell their business concepts before a live audience and panel of capital providers “Shark Tank” style.The crowd favorite...

The self-funded entrepreneur can neither afford to outsource everything or do things poorly....

New numbers released in a report Wednesday, show just how brutal it really is for black and Hispanic entrepreneurs looking to secure funding or small business loans.This after, several government programs have been created to direct more work and funding to help even the playing field in the federal contracting game.The Washington Post reports,...