“Unregulated, predatory lenders come with the promise of fast cash for small businesses; however, these lenders often use bait and switch tactics that can send a business into financial ruin. For years predatory lenders have been able to skirt transparency and trick small business owners into repaying a loan at exorbitant rates. As small businesses recover from myriad challenges stemming from the pandemic, we cannot allow them to be taken advantage of any longer.
Small Business News
06/15/2023 |
Senator Bob Menendez
06/13/2023 |
Office of Senator Maggie Hassan
The SITE Act is endorsed by Americans For Prosperity, Arnold Ventures, Committee for a Responsible Federal Budget, National Taxpayers Union, Hoosiers for Affordable Healthcare, Employer’s Forum of Indiana, Centennial State Prosperity and Small Business Majority.
06/12/2023 |
Bloomberg
Before the pandemic, Paloma Clothing in Portland, Oregon, often offered employees a pay bump of as much as 3% at the start of every year. But inflation changed that equation.
06/11/2023 |
Inland Empire Business Journal
Alfonso Garcia De Alba Rubio is a proud Mexican national and mechanic business owner in Fontana. His undocu-hustle journey began after he moved to the United States in 2006, with nothing more than a dream, skills in the auto mechanic industry, and a strong work ethic.
06/08/2023 |
Office of Senator Ben Cardin
Since he was first nominated for this position, Syed’s nomination received broad support in the small business community, earning endorsements from the U.S. Chamber of Commerce, U.S. Black Chambers, National Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship, Small Business Roundtable and Small Business Majority.
06/07/2023 |
American Economic Liberties Project
A Small Business Majority poll, conducted in April, found that 59% of small businesses support the FTC’s proposed rule, with only 14% opposing the ban.
06/07/2023 |
CT Mirror
“The meat of transparent lending has to include APR, and it has to apply to all financing products,” said Awesta Sarkash, policy director with Small Business Majority.
06/05/2023 |
Politico
As the clock ticks on Su, the Small Business Majority and the Maine Small Business Alliance are doing a six-figure print and digital ads push in Arizona, West Virginia and Maine urging senators from those states to confirm Su.
06/01/2023 |
Wall Street Journal
As banks scour their portfolios, waiting times have also increased. Michael Brey [SBM Council member], president of Hobby Works, a Laurel, Md., retailer, said Sandy Spring Bank told him not to worry when the January 2023 renewal date for the company’s line of credit passed.
06/01/2023 |
Patch Colorado
The 2023 legislative session provided an opportunity for lawmakers, small business advocates and entrepreneurs to weigh in on issues that impact the ecosystem, and this session brought forward new laws and regulations that will benefit that ecosystem. Small Business Majority worked with local partners and small business owners to advocate for the following policies.