Access to capital

Small Business Majority Survey: State of small business six months into the COVID-19 pandemic

Publisher: 
Small Business Majority
English
Date: 
Thursday, August 27, 2020

Small Business Majority released its fourth survey of its national network of 70,000 small business owners conducted during the pandemic to assess the current state of small business and gauge their views on possible relief measures. The survey also revealed the extent to which PPP and EIDL have served small businesses during the crisis. The survey found many small businesses continue to face an uncertain future without additional relief, with 1 in 4 reporting they won't survive past three months and 16% considering bankruptcy. 

The agenda for Virginia's Entrepreneurs: 2020 Special Session

Small Business Majority released its agenda today for Virginia's Entrepreneurs ahead of the 2020 Special Session, which begins on Tuesday, August 18th. The agenda calls for key policy solutions to support small businesses in the state including access to responsible small busuiness lending and expanding healthcare access and affordability. 

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Submitted by Awesta Sarkash on Mon, 08/17/2020 - 12:19

IT wizard and career coach adapts her firm to help other small businesses

Posted: August 12, 2020

A native Indian living in Johns Creek, Georgia, Preeti Tanwar has mastered the art of resilience through her IT firm HiEd Success. Passionate about her work and helping others, Preeti launched her business in 2017 with the sole purpose of providing cost-effective, customized solutions and services to higher education institutions and educational technology companies with a focus in process automation and analytics. 

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After facing a trio of setbacks, party supplier says her fate is hanging by a thread

Posted: August 5, 2020

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.

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Small Business Majority Survey: Small business owners at their breaking point, need additional stimulus relief

Publisher: 
Small Business Majority
English
Date: 
Wednesday, August 5, 2020

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. 

Small Business Majority Recommends Changes to the Small Business Recovery and Paycheck Protection Program Act

Today, Small Business Majority shared a letter with Senators Rubio, Cardin, Shaheen and Collins on recommendations for changes for S, 4321, the Continuing Small Business Recovery and Paycheck Protection Program Act. S, 4321 is a starting point in addressing the lack of flexibility that small business owners who participated in PPP are facing. However, the legislation requires critical changes to provide enough comprehensive changes that entrepreneurs need to sustain their businesses. 

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Submitted by Awesta Sarkash on Fri, 07/31/2020 - 07:51

Immigrant entrepreneur weathers many storms to continue her design dreams

Posted: July 29, 2020

Daisy Bedoya was already struggling to make ends meet when the coronavirus pandemic forced her to close her business for a few months, leaving her with mounting debt. Graphx Designs and Concepts is a graphic design company that creates posters, LED light displays, window lettering and more in Largo, Florida. 

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Small Business Majority Asks for Inclusion of S. 4117, Paycheck Protection Small Business Forgiveness Act in Next Relief Package

Today, Small Business Majority submitted a letter to Congressional leadership urging them to include S. 4117, the Paycheck Protection Small Business Forgiveness Act, in the next relief package. This bill would provide automatic forgiveness for all Paycheck Protection Program (PPP) loans under $150,000, while also ensuring fraud protections are in place. Loans under $150,000 represent only 26% of the PPP funds disbursed, and the overwhelming majority of these loans likely went to the most vulnerable, COVID-19 impacted businesses. 

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Submitted by Awesta Sarkash on Thu, 07/23/2020 - 06:57

California business owner credits her community’s support for her reopening success

Posted: July 14, 2020

Two heads are better than one, and Mar Y Sol Alvarado and her husband Alfred are a clear example of this adage. As the owners of Alro Window Coverings—an installation service company in Mountain View, Calif.—Alfred brings his entrepreneurial knowledge to the table, matched with Mar’s business development experience from working in nonprofit organizations for more than 10 years.

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Small Business Majority Provides Written Testimony for Subcommittee on Diversity and Inclusion

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.

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Submitted by Awesta Sarkash on Tue, 07/14/2020 - 05:54

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