Access to capital

Small Business Majority sends letter in strong opposition to H.R. 2931 and H.R. 2966

On June 5, Small Business Majority sent a letter to the U.S. House of Representatives in opposition to H.R. 2931, the Save SBA from Sanctuary Cities Act of 2025, and H.R. 2966, the American Entrepreneurs First Act. These bills would, respectively, require the U.S. Small Business Administration (SBA) to relocate any regional, district, or local office located in a 'sanctuary jurisdiction,' and mandate that any business applying for an SBA loan be entirely owned by U.S. citizens. Small Business Majority’s opposition letter was submitted to the record on the House floor by Rep.

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Voice of Main Street

: Voice of Main Street

Small Business Majority’s Voice of Main Street opinion poll series is a quarterly look at the challenges and opportunities that entrepreneurs in our network are facing when it comes to a range of issues. 

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Voice of Main Street: Entrepreneurs struggle to access funding, support policies that increase availability of responsible capital

Publisher: 
Small Business Majority
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Date: 
Wednesday, April 30, 2025

This Voice of Main Street poll shows entrepreneurs face major capital challenges and oppose the administration’s proposed spending cuts. Notably, 78% are concerned about cuts to the SBA, which provides vital resources small businesses need to succeed.

Meet the New Jersey entrepreneur inspiring the next generation through STEM.

Takeerah Jones did not set out to be an educator or a business owner. But after pivoting away from a career in writing, she found herself in a substitute teacher position. That’s how she fell in love with educating children.

“The first day, I just fell in love with the kids. They were my happy place, and I just never left,” Takeerah said.

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Small Business Majority testifies in opposition of allowing credit unions to purchase state banks

On February 25, Small Business Majority Colorado Director Hunter Nelson submitted written testimony in opposition to SB 25-080, legislation that would allow credit unions to purchase state banks with approval from the State Banking Board. This bill could have unintended consequences on small business lending in rural Colorado communities, especially for the small agricultural businesses that are the backbone of farming communities.
 

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Small Business Majority testifies in favor of strong truth in lending laws for California small businesses

On April 2, 2025, California Director Bianca Blomquist testified to underscore the importance SB 362, a bill introduced by Chair Grayson that would strengthen California’s truth in lending laws by creating a more coherent disclosure framework resulting in small businesses receiving better information as they shop for loans.

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Small Business Majority testifies on the growing uncertainty among small businesses nationwide

On April 1, Small Business Majority Founder & CEO John Arensmeyer testified before the U.S. House Committee on Small Business during a hearing titled “The Golden Age: Unleashing Main Street Through Deregulation.” In his testimony, John emphasized that small businesses nationwide are more concerned about burdensome tariffs, federal funding freezes, cuts to essential federal agencies supporting small businesses, and mass deportations than the effects of federal regulations.

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Small Business Majority submits feedback to the House Committee on Financial Services to underscore importance of Sec. 1071

On March 31, Small Business Majority submitted a response to the House Committee on Financial Services’ request for feedback on several pieces of legislation, including a bill to repeal Section 1071 of the Dodd-Frank Act which requires financial institutions to collect and report data on small business lending. Our response urges the Committee to reconsider any efforts to repeal 1071, emphasizing its critical role in enhancing transparency and competition in small business lending which will expand access to capital for minority- and rural-owned businesses.

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Small Business Majority and business organizations send letter in opposition to dismantling of CDFI Fund and MBDA

On March 20, Small Business Majority and 19 state and national business organizations sent a letter to President Trump and Office of Management and Budget (OMB) Director Russell Vought in strong opposition to the March 14 executive order, Continuing the Reduction of the Federal Bureaucracy, which attempts to dismantle several agencies including the Community Development Financial Institution (Fund) and the Minority Business Development Agency (MBDA).

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Small Business Majority submits written testimony on the importance of expanding access to capital for entrepreneurs and small businesses

On February 21, Small Business Majority submitted a Statement for the Record in response to a recent U.S. House Committee on Small Business hearing titled “Driving Economic Growth: SBA Lending Programs and the Vital Role of Community Banks.” The statement emphasizes the need to protect Section 1071 of the Dodd-Frank Act to enhance transparency in small business lending, expand access to small-dollar loans, and support the ongoing implementation of the State Small Business Credit Initiative (SSBCI).

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