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Access to capital

Chicago Small Businesses Need Better Lending Options

It’s difficult for most small businesses to obtain a loan. Just ask Margo Strotter, owner of Ain’t She Sweet Cafe, which now has two locations–one in Bronzeville and one in Beverly. 

When Margo was starting out she was her own bank, but she knew that wasn’t a long-term solution to her capital needs so she eventually sought help from traditional lenders. Unfortunately, those institutions were either unwilling or unable to help Margo.

Small business owners make their voices heard on Capitol Hill at the Small Business Policy Forum

In today’s political climate, a lot of political leaders talk about wanting to help small business, but oftentimes don’t take their actual comments and concerns into consideration when working on key policy issues, like tax reform and healthcare. That’s why we tackled this challenge head on at Small Business Majority’s 2017 Policy Forum, which brought 50 small business leaders from around the country to our nation’s capital to discuss how to promote policy reforms that will help small businesses thrive.

Finding access to capital gives party accessory supplier reason to celebrate

Alfredo Zendejas co-owns Accesorios Zendejas along with his wife, Leticia Sanchez, in Los Angeles, California. A true mom-and-pop enterprise, Alfredo and Leticia work together to design, create and deliver custom decorative pieces for quinceñeras, baptisms, weddings and other special occasions.

Exploring alternative funding options: What is a CDFI?

Are you a small business owner looking for alternative funding options beyond a traditional bank loan? A CDFI loan might be the answer you’ve been looking for.

While traditional bank lending is down, organizations called community development financial institutions, or CDFIs, are stepping up to fill the void by focusing on supporting small businesses and local economies in a holistic way. So what is a CDFI?

Financing Tips for Women Entrepreneurs

Women-led small businesses have a tremendously positive impact not only within their own communities, but across the small business landscape nationwide.

Even so, many obstacles remain, particularly in the area of financing. Because adequate capitalization is vital in operating and growing a company, this is a challenge which must be faced head-on for the business to succeed.

Fortunately, there are a number of steps women entrepreneurs can take to address this issue and help ensure that it doesn't become a stumbling block.

Colorado Small Businesses Strongly Oppose Raising Loan Interest Rates

Colorado small business owners soundly reject efforts to increase the interest rates lenders can charge on certain consumer loans, and the results of a new Small Business Majority poll of state small business owners strongly suggest state legislators who support such increases would pay the price at the election booth. According to the scientific poll, an overwhelming 90% oppose allowing lenders to increase the interest they can charge on a $3,000 consumer loan from 28% a year to 30% a year and allow increases based on inflation for each subsequent year.

Opinion Survey: Small Business Owner Opinions on Access to Credit and Proposals to Boost the Economy

Small business owners are suffering from weak sales and decreased customer demand, and on top of that, a lack of access to credit. It is difficult for small business owners to access the credit that will help them grow, hire and jumpstart the economy. Our new opinion polling shows an overwhelming 90% of small business owners nationwide agree the availability of credit for small businesses is a problem, and 61% agree it’s harder to get a loan now than it was four years ago.

Small business credit still a problem: Expanding credit union member lending authority a much-needed first step

American small businesses create 65 percent of all net new jobs and employ roughly half of all workers in the private sector. According to the Kauffman Foundation, businesses founded between 1970 and 2000 (some of which grew into large businesses during those years) provided all net private sector job growth during that timeframe.

Opinion Poll: Small Businesses Support Strong Accountability for Financial Industry

Small businesses are working hard to move their companies, and our economy, beyond the recession. As much as they’ve already accomplished to lift employment levels, these entrepreneurs are not immune to the lingering effects of our disrupted financial market, and they want smart steps taken to address their needs. Contrary to the mantra that slackening Wall Street’s reins will bring economic growth, four out of five small business owners believe Wall Street should be held accountable for the practices that caused the financial crisis, through tougher rules and enforcement.