Master Renard Beaty is not only a 5th-degree black belt, but he is also the owner of Kick Start Martial Arts, winner of the 2017 Wells Fargo’s Neighborhood Renovation Program grand prize and recipient of the 2019 Best of Atlanta Award in the Martial Arts School category. Despite his awards and popularity in his community, his small business is struggling just like everyone else’s.
Like his father and brothers before him, John Hopson enlisted to serve in the military at a young age. But unfortunately, when he returned home from the Gulf War in 1991 he was left with severe post traumatic stress disorder.
Ten years ago, John hit rock bottom and realized it was time to make a real change in his life. He wanted to find a way to uplift people who were suffering like he was by creating jobs for veterans, retired first responders, ex-felons, seniors and people of color.
With a degree in Business Administration and a desire to achieve the American dream, Aracely Garcia moved from Guatemala to the United States in 1995. She says her life hasn't been the same since she became co-owner of La Fiesta Party Supplies & Gifts, an import and export distributor of party supplies located in Los Angeles.
As Congress continues to debate the next round of stimulus relief, Small Business Majority surveyed its national network of small business owners to gauge their views on key small business proposals currently on the table. The survey results highlight a number of issues that need to be taken into consideration while finalizing these proposals and reveal that the clock will run out for many of our nation’s small businesses if help doesn’t arrive soon.
Kansas City-based wedding florists Lily Williams and Betsy Ford are on a mission to express love through flowers. But over the past few months, the coronavirus pandemic has forced them to adapt their business and serve their community by filling orders for funerals instead of wedding celebrations.
Small Business Majority submitted written testimony for the record for the House Committee on Financial Service's Subcommittee on Diversity and Inclusion's, "Access Denied: Challenges for Women- and Minority-Owned Businesses Accessing Capital and Financial Services" hearing. The contributions of entrepreneurs of color and women to our local and national economies cannot be overlooked.
As the Paycheck Protection Program neared its expiration, Small Business Majority surveyed its national network of small business owners to better understand how businesses have benefited from PPP. The survey reveals a majority of small businesses have received a PPP loan, but many are still struggling with their overhead costs and will likely be forced to lay off their employees again once their funding runs dry. This is particularly true for small businesses owned by people of color.
Small Business Majority surveyed its national network of small business owners to better understand who has benefited from the Paycheck Protection Program (PPP) created by the CARES Act, and to shed a light on their concerns with the program. The survey reveals a strong majority of small businesses have applied for a PPP loan, but most are worried about having the loan forgiven.
This blog originally appeared on the blog of our partner CO-STARTERS.
Although some businesses have seen the relief offered by the CARES Act—particularly the Paycheck Protection Program SBA loans—many small businesses have been left wondering if their application is even being considered.
It’s no secret that California has been hard hit by the spread of COVID-19, with a vast 2.7 million applying for unemployment in the past four weeks, and the impacts have been particularly severe on small businesses that have seen their revenues take a nosedive overnight. With the economy on pause, Main Street has been left to cope with how to stay afloat during this unprecedented time.