Access to capital

Small Business Majority Submits Letter to U.S. House Committee on Small Business Urging the Approval of the Paycheck Protection Program Extension Act of 2021

Today, Small Business Majority submitted a letter to the U.S. House Committee on Small Business urging for members to immediately pass the PPP Extension Act of 2021, which would extend the Paycheck Protection Program (PPP) application period to May 31, 2021 and allow the U.S. Small Business Administration to process loans until June 30, 2021. Congress must pass the PPP Extension Act of 2021 immediately so that small businesses can acquire adequate funding to keep their doors open during and after the COVID-19 pandemic.

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Submitted by Mayra Ordonez on Fri, 03/12/2021 - 12:48

Survey: 3 in 10 small businesses won’t survive past the next three months, need immediate grant assistance

Publisher: 
Small Business Majority
English
Date: 
Friday, February 26, 2021

As Congress advances the American Rescue Plan, a $1.9 trillion stimulus relief package intended to combat the ongoing COVID-19 public health and economic crisis, Small Business Majority’s new survey reveals the current state of small business and how they’ve been served by previous stimulus programs. Importantly, the survey finds that without additional funding, 3 in 10 small businesses will not survive past the next three months.

Small Business Majority Board Member testifies to the U.S. the Senate Committee on Banking, Housing, and Urban Affairs

Small Business Majority Board Member Jessica Milano testified in front of the U.S. the Senate Committee on Banking, Housing, and Urban Affairs about the impacts the COVID-19 pandemic has had on Main Street. Specifically, she spoke on how many of the communities hardest hit by the pandemic have been communities of color, how despite significant Federal support, minority-owned businesses continue to experience challenges accessing capital, and how Congress should reauthorize the State Small Business Credit Initiative to address these market gaps.

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Submitted by Small Business Majority on Thu, 02/25/2021 - 07:08

Georgia small business owners continue to face setbacks from the pandemic, identify policy solutions to support their businesses

Publisher: 
Small Business Majority
English
Date: 
Tuesday, March 2, 2021

The COVID-19 pandemic has strained Georgia’s economy and public health system, while small businesses across the state continue to face significant financial setbacks that are hampering their recovery. A new survey sheds light on the state of small business in Georgia, as well as their views on policy solutions that can boost their businesses and provide important support to their employees.  

California small businesses struggling to access capital, need more help to ensure financial recovery

Publisher: 
Small Business Majority
English
Date: 
Tuesday, February 23, 2021

Nearly a year into the COVID-19 pandemic that has strained California’s economy and public health system, small businesses across the state continue to experience significant financial setbacks. A new survey of California small business owners reveals that their struggles are being exacerbated by challenges accessing capital, and they strongly support policy solutions that would deliver the financial relief they need to survive this year-long crisis.

State loan fund provides a lifeline for small business owner in California

Posted: February 18, 2021

When Alicia Villanueva moved to California in the early 2000s, she discovered the ways in which she could learn about different cultures through their native cuisines. And as someone who loves to cook and share her own culture, she worked for many years with her family to turn her passion into a real business. Today, Alicia is the proud owner of Alicia’s Tamales Los Mayas, a catering company and food processor facility located in Hayward, Calif. 

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Small businesses struggling to access capital, harming their financial recovery

Publisher: 
Small Business Majority
English
Date: 
Wednesday, February 17, 2021

Small business owners continue to experience significant financial setbacks from the COVID-19 pandemic that are being exacerbated by challenges accessing the capital they need to sustain their businesses. A new national survey of small business owners sheds light on their struggles to secure financing and their views on policy solutions that could help small businesses survive and grow post-pandemic.

Small Business Majority writes in support of California's FY21-22 proposed budget

On February 11, Small Business Majority submitted a letter to the Chairwoman of Budget & Fiscal Review Committee and the Chairman of the Committee on Budget in support of Governor Newsom's proposed budget, which includes additional funding and support for small businesses. 

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Submitted by Small Business Majority on Tue, 02/16/2021 - 08:13

Small Business Majority Comments on SSBCI Program

Small Business Majority submitted a comment today on the State Small Business Credit Initiative (SSBCI) ahead of a House Committee on Financial Services subcommittee hearing about the program. SSBCI was a critical resource to strengthen state programs that support financing for small businesses across the country. 

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Submitted by Awesta Sarkash on Thu, 02/04/2021 - 06:42

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