Access to Capital

Tips on finding funding and avoiding predatory lending during COVID-19

With state-mandated lockdowns and business closures, small business owners across the country are struggling to pay employees, rent, overhead costs and more. Now more than ever, it is important to be wary of predatory lenders as you seek out capital to keep your business afloat. Our guide to avoiding predatory lending includes guidelines for applying for PPP and EIDL, a checklist to determine if a loan is predatory and an outline of the Small Business Borrowers' Bill of Rights.

This document has been translated into Chinese, Vietnamese, Korean, Burmese, Khmer, Hmong, Bangladeshi, Nepali, Bhutanese, Hindi, Urdu, Punjabi, Thai, Lao, Tagalog, Samoan, Tongan and Marshallese in partnership with the National Coalition for Asian Pacific Americans Community Development with a grant from the Ewing Marion Kauffman Foundation.

The Five Main Credit Scoring Factors

Your credit score is an important part of your loan application. But it takes more than on-time payments to build a good credit score. Five factors help explain how credit agencies evaluate the information in your credit reports when calculating your personal credit score. The better your score on each of these factors, the higher your overall credit score. These five main factors include:

Celebrating Black History Month through grant opportunities for entrepreneurs

February isn’t just about celebrating Black history–it’s about honoring the past, the present and investing in the future. Throughout this month, business and community organizations recognize the significant contributions of Black communities and their immense power in business. This is why we’ve compiled a select list of grant programs that small business owners can take advantage of during Black History Month and beyond.

Fondos de asistencia para los empresarios latinos: Haciendo un impacto en el ecosistema de pequeñas empresas

En el 2022, Small Business Majority, en asociación con Support Latino Business y Modern Woodmen Fraternal Financial, otorgaron fondos críticos a tres empresarias latinas por medio de su programa anual de subvenciones, #SupportSmallBiz. El programa de subvenciones cierra la hace un esfuerzo de cerrar la brecha en financiación comercial para empresarios latinos e hispanos, quienes frecuentemente enfrentan desafíos y barreras sistémicas para acceder a los recursos y el capital necesario para poder abrir, hacer crecer y expandir sus empresas.

Grant funding for Latino entrepreneurs: Making an impact on the small business ecosystem

In 2022, Small Business Majority, in partnership with Support Latino Business and Modern Woodmen Fraternal Financial, awarded critical funding to three Latina business owners through their annual #SupportSmallBiz grant program. The grant program bridges the gap in small business funding for Hispanic and Latino businesses, which often face challenges and systemic barriers in getting the capital and resources they need to start, grow and expand their enterprises.

Oportunidades de fondos de asistencia para los empresarios hispanos y latinos: Una compilación

En los Estados Unidos, casi 1 de cada 4 empresas son propiedad de hispanos y latinos. Y aunque representan casi el 10% de todas las empresas en el país, estos negocios también han enfrentado una gran parte de pérdidas de ingresos y cierres permanentes durante la pandemia de COVID-19. A continuación encontrará programas de préstamos y subvenciones que están trabajando para incrementar el acceso a capital para empresas hispanas y latinas.

Funding opportunities for Hispanic and Latino entrepreneurs: A round-up

In the United States, nearly 1 in 4 new businesses is Hispanic- or Latino-owned. And while they make up almost 10% of all businesses in the country, these businesses also faced the brunt of revenue loss and business closures during the COVID-19 pandemic. Below you’ll find grant and loan programs that are working to increase access to capital for Latino and Hispanic businesses.

Nuevos cambios a los préstamos y programa de la SBA para las pequeñas empresas: Lo que necesita saber

La Administración Federal de las Pequeñas Empresas (SBA por sus siglas en inglés) ha hecho cambios importantes recientemente a sus programas de préstamos para pequeñas empresas para ayudar a nivelar el campo de competencia y para incrementar el acceso a crédito para empresas más pequeñas. Lea a continuación para más información sobre esos cambios y lo que puede esperar. 

Cambios en los programas de préstamos 7(a) y 504 exclusivos de la SBA

Black History Month: Funding and business assistance opportunities for Black entrepreneurs

Small business owners know that one of the greatest barriers to success is a lack of access to capital. For Black business owners, this challenge is heightened, with large banks approving just 29% of loans sought by Black-owned small businesses compared to 60% of loans sought by white-owned small businesses. This is why it is critical that Black-owned small businesses are supported in order to build an equitable economy. In honor of Black History Month, we have compiled a list of funding and business assistance opportunities geared toward Black entrepreneurs.