Owning a small business can be challenging if you don’t have access to resources and tools to help you understand and manage the operational side of your business. For Javier Haro, this came at a high cost when his short debut as a restaurant owner came to a screeching halt after shutting down his business when the 2009 economic downturn hit the market.
On October 18, 2021, Midwest Region Director Geri Aglipay testified before the Illinois Department of Financial and Professional Regulation in support of the Illinois Community Reinvestment Act (IL CRA). This legislation will combat ageism in lending and uplift entrepreneurs of color and women entrepreneurs.
Currently the federal Truth in Lending Act (TILA) requires that consumer creditors disclose critical financing information, including annual percentage rate (APR), in a clear and comparable format. However, Congress has yet to extend these disclosure requirements to small business loans and other credit products, which means small businesses are vulnerable to irresponsible lenders. As small businesses recover from the pandemic, it should go without saying that transparent lending shouldn’t be up for debate.
Deb Ramirez Rock’s Sonoma, Calif.-sourced hot sauce has been her passion project for more than seven years, but after a series of unpredictable events—starting with a wildfire in 2019 that destroyed her crops—it has been an uphill battle to make her organic, locally made hot sauce.
Freelance cameraman, cinematographer and Emmy award winner Erich Roland first learned his craft by his father’s side. For many years, he worked freelance until July of 2004, when he decided to expand his passion into a small business. He used his own personal inventory, which includes premier motion picture and photography equipment, to rent audio and visual equipment to customers, and DC-Camera was born.
Today, Small Business Majority shared a letter with members of the U.S. Senate Committee on Small Business & Entrepreneurship to share concerns about recent actions preventing the nomination of Dilawar Syed to Deputy Administrator of the U.S. Small Business Administration. The letter outlines Mr. Syed's qualifications for the role and urges the Committee to advance his nomination swiftly.
Martin Garcia opened Gramercy Gift Gallery in 2018, in the bustling city of San Antonio, T.X., with the vision to fill a gap in his community. As a minority-owned business, Gramercy Gift Gallery brings unique gifts, art, decor and novelties to a community that continues to expand, grow and attract retail chains. And while the growth is rapid in the area, small businesses and independent shops are still scarce.
President and CEO of Small Business Majority, John Arensmeyer, submitted a letter of support for the provisions in the Small Business title of the Budget Reconciliation package. The provisions in the Small Business Committee title will make $25 billion worth of critical investments for small businesses on their road to recovery. Mr. Arensmeyer called on Congress to immediately pass these measures as part of the package.
From September 15 to October 15, we celebrate National Hispanic Heritage Month by sharing resources for Hispanic and Latino small business owners. This year, we asked Small Business Majority network member Jaqueline Vrba and National Latino Outreach Manager Latavia Pineda about their work with the Hispanic community and their favorite resources.
Tax expert Talibah Bayles started her career in a big way, working for the FBI in Washington, D.C, but in 2006 she decided to move back to her hometown of Birmingham, Ala. and launch her own business so she could focus on taking care of her young family. While Birmingham is a much smaller city, Talibah was determined to make a big impact on her community.
Copyright © 2006-2024 Small Business Majority, All rights reserved. Small Business Majority is a 501(C)(3) nonprofit organization.