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Three SBA Loan Programs Help Bridge Small Business Finance Racial Gap

Despite the prevalent wealth and credit gap between African-Americans and their white counterparts, the news isn’t all bleak. The SBA has several offerings that can help expand access to capital for minorities.

Source: Forbes

 


 

A License for a Lemonade Stand? States Rethink Business Licensing

After years of increasing the number of occupations subject to licensing and permit requirements, states are starting to dial back.

Source: Governing States and Localities

 


 

The Federal Reserve Has Released the 2019 National CDFI Survey

This resource contains contact information for 492 community development financial institutions (CDFIs) located in the continental United States, Alaska, Guam, Hawaii and Puerto Rico. Download it today!

Source: Richmond Federal Reserve

 


 

60% of Small Businesses Obtained Unsecured Loans From Non-bank Lenders in 1st Half of 2019

A survey was conducted by Balboa Capital revealed that simple application processes, quick decisions and funding, and flexible payment schedules were the primary reasons small businesses borrow from non-bank lenders.

Source: The American Reporter

 


 

NCUA Issues New Guidance to Credit Unions Which Permit Hemp Banking

hemp businesses normally have difficulty locating banks or other entities that would permit them to conduct normal merchant banking activities—but that may change as new regulations develop.

Source: The National Law Review