Access to capital

California small businesses struggling to access capital, need more help to ensure financial recovery

Publisher: 
Small Business Majority
English
Date: 
Tuesday, February 23, 2021

Nearly a year into the COVID-19 pandemic that has strained California’s economy and public health system, small businesses across the state continue to experience significant financial setbacks. A new survey of California small business owners reveals that their struggles are being exacerbated by challenges accessing capital, and they strongly support policy solutions that would deliver the financial relief they need to survive this year-long crisis.

State loan fund provides a lifeline for small business owner in California

When Alicia Villanueva moved to California in the early 2000s, she discovered the ways in which she could learn about different cultures through their native cuisines. And as someone who loves to cook and share her own culture, she worked for many years with her family to turn her passion into a real business. Today, Alicia is the proud owner of Alicia’s Tamales Los Mayas, a catering company and food processor facility located in Hayward, Calif. 

English

Small businesses struggling to access capital, harming their financial recovery

Publisher: 
Small Business Majority
English
Date: 
Wednesday, February 17, 2021

Small business owners continue to experience significant financial setbacks from the COVID-19 pandemic that are being exacerbated by challenges accessing the capital they need to sustain their businesses. A new national survey of small business owners sheds light on their struggles to secure financing and their views on policy solutions that could help small businesses survive and grow post-pandemic.

Small Business Majority writes in support of California's FY21-22 proposed budget

On February 11, Small Business Majority submitted a letter to the Chairwoman of Budget & Fiscal Review Committee and the Chairman of the Committee on Budget in support of Governor Newsom's proposed budget, which includes additional funding and support for small businesses. 

English

Small Business Majority Comments on SSBCI Program

Small Business Majority submitted a comment today on the State Small Business Credit Initiative (SSBCI) ahead of a House Committee on Financial Services subcommittee hearing about the program. SSBCI was a critical resource to strengthen state programs that support financing for small businesses across the country. 

English

Small businesses continue to face closures in 2021

Publisher: 
Small Business Majority
English
Date: 
Wednesday, January 27, 2021

Nearly a year into the COVID-19 pandemic, small business owners continue to experience significant setbacks and reduced customer demand. A national survey of small business owners spotlights the distressing effects of the pandemic and what owners anticipate in the months to come. The polling also reveals the disproportionate impact of the economic crisis on small business owners of color, particularly Black, Latino and Asian American/Pacific Islander entrepreneurs. 

Kansas City entrepreneur cashes in on her experience to provide telehealth services to the underserved

When Dr. Shelley Cooper launched her telehealth consulting business Diversity Telehealth LLC in Kansas City, Mo. in 2015, she knew she’d face an uphill battle due to the nature of her work. “‘What is telehealth, and how does it work?’—Those are the questions I get all the time,” says Dr. Cooper. “But I’m here to tell you about the lifesaving benefits it can provide, and why you should care about it.”

English

Delaware dry cleaner gets washed out with debt to keep his business afloat

After working for several companies in the public and private sector, David Mercer Louie realized that he would always have little to no control over his own paycheck. “Even if I gave over 100% of my time and effort to these companies, I’d never earn as much as I could if I worked for myself,” says David. In his case, the alternative was more than obvious: Join the family business at the Harry Louie Laundry and Dry Cleaners in Dover, Del.

English

New surge in COVID-19 cases threatens the livelihood of Nebraska business owner

Veteran entrepreneur Roxanne Huggins has owned the Comstock Premier Lodge in Sargent, Nebraska since 2009. Working with her husband Mitch and one other employee, they have managed to expand their business from a large farm to a year-round bed & breakfast hunting lodge and ranch. 

English

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