Access to capital

Celebrating Hispanic Entrepreneurship Twitter Chat Recap

Posted: October 7, 2022

In celebration of National Hispanic Heritage Month, we co-hosted a Twitter chat with Women's Business Development Center (WBDC), Support Latino Businesses and America’s Small Business Development Center (ASBDC) to share opportunities and challenges facing Hispanic and Latino small business owners. 

Below is a brief recap of the questions and a sample of the great tips and information shared during the chat. 

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Latino business owner highlights the importance of helping entrepreneurs access capital

Posted: September 21, 2022

When Ramon Alvarez was 9 years old, his family moved to a small ranch just outside of Fresno, California. He worked to help his family make a living until he left for school. While working to pay his way through college, he fell in love with retail. 

After years of gaining experience at corporations like Home Depot, where he oversaw the opening of stores across the U.S. and in South America, he fulfilled his dream of opening a business of his own with his wife. 

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Small Business Majority supports H.R. 6814 the Small Business Fair Debt Collection Act

Today, John Arensmeyer submitted a letter to Chairwoman Waters (D-CA-29) and Ranking Member McHenry (R-NC-10) of the U.S. House Committee on Financial Services urging passage of HR 6814. The Small Business Fair Debt Collection Act extends protections under the Fair Debt Collection Practices Act (FDCPA) to small businesses with loans or obligations that are less than $2.5 million to ensure debt collectors have guardrails on what they can do to collect these debts.

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Submitted by Quintin Reed on Fri, 06/10/2022 - 12:51

Small Business Majority supports expansion of small business borrower protections

Small Business Majority writes in strong support of AB 2314, which would require any commercial financing products that leverage state funding—such as loan guarantee programs—to include several financing rights and protections for small business borrowers.

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Submitted by Small Business Majority on Thu, 05/19/2022 - 07:41

Business organizations support preserving SSBCI

Today, Small Business Majority and more than 50 small business organizations sent a letter to Congressional leaders underscoring the importance to preserve the $10 billion allocated to the State Small Business Credit Initiative program. As representatives of small businesses around the country, our organizations know firsthand that access to capital can determine the success of any small business and that is why we rise to show our support for preserving a program that is instrumental in helping small business owners access much-needed capital.

 

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Submitted by Quintin Reed on Mon, 04/25/2022 - 09:14

Financial experts weigh in on the importance of National Financial Literacy Month for small business

Posted: April 22, 2022

In April, we celebrate National Financial Literacy Month, which serves as an opportunity to review your finances, assess your financial literacy and how it can help you take your business to the next level. In celebration of this special month, we reached out to some of our Venturize partners to get their thoughts on National Financial Literacy Month, key advice for business owners, and how their organizations work to support the small business ecosystem.

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Small Business Majority writes in support of California's FY22-23 budget proposals

On April 8, Small Business Majority submitted a letter to the Chairwoman and Vice Chairman of Budget & Fiscal Review Committee in support of Governor Newsom's proposed budget, which includes critical funding and measures to support small business recovery.

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Submitted by Mayra Ordonez on Tue, 04/12/2022 - 10:10

Small Business Majority opposes rescinding dollars from small business programs

On April 6, Small Business Majority submitted a letter to congressional leaders opposing pay-fors for the Bipartisan COVID Supplemental Appropriations Act. The Act rescinds dollars from key programs, including $900 million from the Economic Injury Disaster Loan Advance and nearly $2 billion from the State Small Business Credit Initiative. Rescinding these dollars undercuts the trajectory of the small buisness ecosystem during a time when small business owners are still struggling to keep their doors open. 

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Submitted by Awesta Sarkash on Wed, 04/06/2022 - 06:47

Atlanta business owner uses predatory experience to educate first-time entrepreneurs

Posted: March 24, 2022

As a business owner, not asking the right questions in the beginning stages of your business can lead to years of financial repercussions. Georgia entrepreneur Markela Taylor knows this well. 

Markela was happy at her nine-to-five job until a family emergency pulled her away from the office. After believing her job would be safe while she traveled to be with her family, she was surprised when she got an email saying her job was in jeopardy.  

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Small Business Majority Board Chair LaJuanna Russell testifies on barriers to entrepreneurship and highlights key legislative actions to address

On March 16, LaJuanna Russell, founder and president of Business Management Associates, Inc. (BMA) and the Chair of the Board of Directors and a member of the Small Business Council for Small Business Majority, testified before the U.S. Select House Committee on Economic Disparity and Fairness in Growth about the critical role of entrepreneurship as a pathway to long-term financial stability and growth for Americans, as well as to discuss barriers to starting and sustaining small businesses.

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Submitted by Mayra Ordonez on Wed, 03/16/2022 - 06:54

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