“We found ourselves looking for loans to grow. We took a merchant cash advance which touted that it was quick and low cost. It was structured as a fee and then had additional charges. It was difficult to compare to a bank loan because you’re not comparing apples to apples. It turns out that it wasn’t very affordable,” said Momentum Coffee owner Nikki Bravo.
Small Business News
Small Business Majority, Reno + Sparks Chamber of Commerce, and the Nevada Housing Coalition are among the bill's backers. Alexis D’Amato Falvey, senior director of federal government affairs at Small Business Majority, praised the measures to increase access to capital. That's especially important when homebuilders are also dealing with rising costs for materials, labor, and other necessities.
“New York must do all it can to protect healthcare access for our local small business owners and their employees, particularly those who may lose coverage because of HR 1 or because of their status as immigrants,” said Lindsey Vigoda, New York Director at the Small Business Majority. “After all, research conducted by Small Business Majority and Georgetown University found that one-third of all people enrolled in Medicaid have a connection to a small business -- a population now at risk of losing coverage due to federal action.
The latest Voice of Main Street report, a quarterly survey of members of the Small Business Majority network, found that 64% of the small-business owners surveyed said their expenses have risen over the past three months — and 4% said revenue has declined over the same period…“Small businesses today are facing a perfect storm of challenges that are impacting not just their profitability but their survival,” said Alexis D’Amato Falvey, Small Business Majority's senior director of federal government affairs, in a statement.
Gas prices have surged which is a big problem for small businesses like Phrostbite Italian Ice. “It’s gone up so quickly. Within a week we saw an increase in fuel prices and we’ve gone from paying $70 to over $120. It’s hitting us hard,” said Co-owner Ondrey Lawson. “We have to raise our prices so we have some profit. But now our customers are seeing their dollar doesn’t go as far as it used to. We’re lucky to have many customers who are understanding and loyal,” said Co-owner Mia Lawson.
Small Business Majority, a national business advocacy group, wrote to the SBA in mid-March, urging the federal agency to reconsider the changes. The letter, signed by dozens of state and national groups and chambers of commerce, called the new policies “a misguided approach that ignores critical economic data underscoring the job creating power of the immigrant community.”...Bianca Blomquist, California director for Small Business Majority, also is concerned about small business owners turning to unscrupulous lenders.
“At a time when small businesses across all sectors are struggling with rising costs and having difficulty accessing the capital they need to grow, it’s encouraging to see legislation that would help homebuilders and other small business contractors gain greater access to resources that provide educational as well as funding opportunities,” said Alexis D’Amato Falvey, Senior Director of Federal Government Affairs at Small Business Majority.
A Small Business Majority poll found that among minority- and women-owned small businesses that received publicly funded support, roughly 1 in 4 had received assistance from the MBDA, underscoring the agency’s role within the broader small business support ecosystem.
“I don’t know if lawmakers know how quickly this impacts small businesses. Tariffs create uncertainty, which is a killer for small businesses. It impacts our ability to purchase and to hire while impacting customer sentiment…We have to pass costs along to consumers. We’re juggling a lot and it’s getting more difficult for us to operate,” said Momentum Coffee Founder Nikki Bravo.
A March 2026 survey from Small Business Majority reveals that input costs have increased as well, with more than half—53 percent—of small businesses experiencing increased costs from suppliers, and almost half—47 percent—reporting an increase in costs for materials or products.