Access to capital

Small Business Majority Submits Comment Letter on 1071

Today, Small Business Majority submitted a letter regarding the Consumer Financial Protection Bureau's proposals under consideration for the implementation of Dodd Frank Section 1071. Successful implementation of Section 2071 would ameliorate the systemic barriers that women business owners and entrepreneurs of color face when attempting to access capital to start, grow and sustain their enterprises. 

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Submitted by Awesta Sarkash on Wed, 12/16/2020 - 06:12

California small businesses face difficult decisions as pandemic continues and funding freezes

Publisher: 
Small Business Majority
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Date: 
Wednesday, December 16, 2020

As the COVID-19 pandemic has raged across the country and resurges in California, small business owners continue grappling with the effects of state and local public health orders and a loss in consumer demand. Nine months into this crisis, California’s small business owners say their businesses have been diminished, leaving them with reduced revenue and operating capacity. They’re making difficult decisions that are impacting the workforce through reduced wages, working hours and employee benefits.

Denver restaurateur pivots to outdoor dining concept, but with winter in full force she’s back to the drawing board

Posted: December 10, 2020

In the nine months following the initial coronavirus outbreak, small business owners across the United States continue to struggle to keep up with the changing demands of the global health crisis. From adapting business plans to launching new business ideas, entrepreneurs have been forced to be quick on their feet—or perish.

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The agenda for Virginia's Entrepreneurs: 2021 Regular Session

Small Business Majority has released its comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Virginia during and after the COVID-19 pandemic. It’s critical that state lawmakers enact both short- and long-term policies to support and empower these entrepreneurs by guaranteeing that they have access to capital to maintain and pivot their business, affordable and quality healthcare and the tools and benefits they need to sustain themselves now and in the future.

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Submitted by Awesta Sarkash on Wed, 12/09/2020 - 11:35

Chicago business owner knows to tap into local capital resources when traditional funding is unavailable

Posted: December 2, 2020

As the owner of a catering company, Nicole Jordan has seen an extreme decline in contracts and income since the start of the COVID-19 pandemic. Fortunately for this Illinois-based small business owner, as a former banker she is well connected to the financial resources in her community.

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Meet our Outreach Team -- Rachel Shanklin

Posted: November 30, 2020

Small Business Majority’s Outreach Team advocates for entrepreneurs on two fronts: It supports policies that would benefit small firms, and it offers workshops and events that help small business owners grow their companies. We have found this work to be even more important during this global health and economic crisis. 

This week we are spotlighting Rachel Shanklin, Small Business Majority’s new Georgia Outreach Manager, to let small business owners know how our team members can assist them.

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Closures have greater impacts than you may think as ecosystems are disrupted

Posted: November 17, 2020

Derreck Johnson is painstakingly aware of how the current global health crisis has impacted not only his small business but the entire small business ecosystem in Oakland, Calif. 

Derreck has been an entrepreneur for the past 30 years and has always had a passion for identifying a community need and filling it with a business. His entrepreneurial journey started with a small car washing business, but now he is a restaurateur and the proud founder of the now employee-owned restaurant Home of Chicken and Waffles.

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Veteran small business owner shows meaning of perseverance during a pandemic

Posted: November 11, 2020

Tammy McDaniel started working in travel management after serving in the Iowa National Guard for five years and the U.S. Air Force for more than two years, but she’s always had a curiosity and passion for the travel industry. As a young woman who vacationed with her family every year, she found travel booking to be an interesting way to make a living. She sought opportunities to help her learn more about travel management, and eventually she opened Tammy’s Journeys in Fort Walton Beach, Fla. 

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Illinois limo service owner struggles to see a road ahead for her business

Posted: November 5, 2020

Guana Stamps, owner of Keep it Moving & Associates LLC in Chicago, Ill. opened her limousine service with the idea of offering a safe, reliable way of transportation for her clients. Keep it Moving is a pet friendly car service, which is an uncommon feature in the transportation business and sets her apart from the local competition. 

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Multi-faceted business owner clings to hopes of a new COVID-19 relief package

Posted: October 30, 2020

After working as a public school teacher in Los Angeles during the height of the 2008 recession, Corissa Hernandez was inspired to launch her first mission-driven company to support her local community in Covina, California. Through Legacy Full Circle Financial & Insurance Services, Corissa educates low to middle-income families about financial literacy and planning. But she didn’t stop there.

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