Financial tools and management

Celebrating black entrepreneurship with resources and tips from small business experts

This post originally appeared on the blog of Small Business Majority.

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. 

SBA loan sets table for African-American restaurateur to get bank loan and expand

This post originally appeared on the blog of CDC Small Business Finance

When Georgia’s restaurant opened in Anaheim’s historic Packing House in 2016, co-owners Gretchen Shoemaker and Marlon Machado conservatively projected first-year sales to be between $250,000 and $500,000. By the fifth month of serving their version of “soul delicious” food to thousands of patrons, they hit $1 million.

Introducing Venturize

Venturize is a free online resource hub for small business owners who need help accessing tools and resources to grow their businesses. Managed by nonprofit organization Small Business Majority, Venturize offers unbiased education and resources about small business loans, retirement and healthcare options to empower entrepreneurs to make the best financial decisions for their business.

Resources and more for veteran small business owners

Did you know there are more than 2.5 million veteran-owned businesses in the U.S? Our nation’s veterans are hard-working, resilient and resourceful, making them specially equipped for entrepreneurship. However, they can often face significant obstacles when it comes to accessing capital and business networks. If this sounds familiar to you, you’ve come to the right place. In honor of National Veterans Small Business Week, we’re sharing some of our favorite stories of successful veteran entrepreneurs and resources that can help you start and grow a veteran-owned business. 

Apoyo a empresarios hispanos durante el Mes Nacional de la Herencia Hispana

El Mes Nacional de la Herencia Hispana se extiende desde el 15 de septiembre hasta el 15 de octubre, y es el momento perfecto para celebrar las contribuciones de los dueños de pequeñas empresas hispanas a la economía de nuestra nación y analizar cómo podemos ayudarlos a prosperar e incrementar sus negocios.

Cuándo puede necesitar un préstamo

Como propietario de una pequeña empresa, usted pone más que sudor y lágrimas en su empresa: también pone sus propios ahorros y arriesga su crédito personal para que su negocio despegue. Es posible que los préstamos y otras opciones de financiamiento no parezcan viables en un comienzo o puede que sea cauteloso al asumir una deuda comercial, pero financiar su empresa a través de un préstamo podría ser la vía correcta para ayudarlo a expandir su negocio. Siga leyendo para averiguar si debe considerar un préstamo para su negocio.

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