Access to capital

Small Business Majority Comments on CRA Proposed Rule Changes

Today, Small Business Majority submitted comments to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation regarding proposed rules changes to the Community Reinvestment Act. Some of Small Business Majority's concerns include that these proposed changes would negatively impact underserved entrepreneurs in low and moderate income (LMI) communities and disincentive banks from making qualified smaller-dollar loans that are the lifeblood of small businesses. 

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COVID-19 and the impact to small business: Policy solutions to immediately support America’s job creators

As cases of COVID-19 continue to rise throughout the country, so does its impact on our economy. From stock market dips to decreased foot traffic in thriving neighborhoods, it's vital that our federal and state officials enact short and long-term policies that will offset these effects, particularly for our small business community, whose success is critical to our nation's economic health. Focusing on key policy issues will help support America's job creators. 

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Celebrating black entrepreneurship with resources and tips from small business experts

In celebration of Black History Month, we hosted a Twitter chat during which we asked partners like Accion, CAMEO, Working Solutions, Illinois SBDC and Main Street Launch to share resources and advice with black small business owners and entrepreneurs. 

Below is a brief recap of the questions and a sample of the great tips and information shared during the chat. For more resources and advice, visit our online portal Venturize.org.

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Predatory lending cripples business half a lifetime in the making

While many 13-year-olds dream of becoming firefighters or football players, 13-year-old Johnathon Bush not only dreamed of being an entrepreneur but was already becoming one. While growing up in Toledo, Ohio, he realized the only way he could make money at a young age was through entrepreneurship, so he started baking cookies and selling them to friends and family. But, his bake sales evolved into something bigger than his middle school self could have expected. 

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More than just a market: LA small business grows strong roots in community

When Andrew McDowell set out to open his small business, he wanted to address a prominent issue he was seeing in his community—food deserts.

South Los Angeles is riddled with food deserts, meaning that many neighborhoods do not have access to healthy, affordable food within a reasonable distance from their homes, leading to high rates of diabetes and other health problems. 

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Small Business Majority teams up with Univision to show Latino business owners that anything is possible

Every year, Univision hosts POSiBLE LA, a special event in Los Angeles, for Latino entrepreneurs and small business owners to come together and learn about the resources available to help them grow and thrive as business owners. This year we’re sharing a recap of the event and some key takeaways for Latino entrepreneurs. 
 

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Responsible Business Lending Coalition submits comments to Department of Business Oversight on implementing commercial financing disclosures

Small Business Majority, as part of the Responsible Business Lending Coalition, submitted comments to Department of Business Oversight with recommendations regarding the implementation of SB 1235, which is the first truth in lending law in the country.

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