Black-led CDFI Bronze Valley, a member of CDFI intermediary Appalachian Community Capital Development Foundation, will receive $200,000 to help minority-owned small businesses in Birmingham. Bronze Valley is a nonprofit that supports high-growth innovation and technology-abled companies created by diverse and underrepresented founders.
Source: Birmingham Business Journal
Trickle of funding from the SBA through its Targeted EIDL Advance program comes in stark contrast to the rapid exhaustion of grant programs such as the $28.6 billion Restaurant Revitalization Fund.
Source: The Business Journals
The Small Business Administration sent emails to more than 11.8 million small businesses inviting them to apply for Targeted EIDL Advances. While many may qualify, a large number are missing out because they are mistaking the email for a scam.
The portal could help small business owners deal with a non-responsive lender, said Erik Asgeirsson, president and CEO of the Association of International Certified Professional Accountants.
Source: Cleveland Business Journal