The U.S. Small Business Administration (SBA) has announced a strategic alliance to support small business exporters. The SBA’s Office of International Trade (OIT) has partnered with the U.S. Commercial Service (USCS), an agency of the U.S. Department of Commerce, and EXIM Bank, the Export-Import Bank of the United States. The collaboration aims to enhance services and resources available to small businesses looking to expand their export activities. Through this alliance, small business exporters will gain improved access to export financing, counseling, training, and market intelligence.
Source: Globe Newswire
Bitcoin has reached a new high for June as several financial giants show increased commitment to the cryptocurrency. BlackRock filed an application last week for what would be the first spot bitcoin ETF in the US, just a week after the SEC sued two of the biggest exchanges in Binance and Coinbase. Big names in the financial world like BlackRock and Fidelity have made major commitments to cryptocurrency, showing optimism that the reputational risk of investing in cryptocurrency will start to fade.
The “Trust & Access to Capital 2023” survey, conducted by Reimagine Main Street in collaboration with various chambers of commerce and with support from PayPal, involved over 1,000 Black, Latino/a, Asian and Pacific Islander, and white business owners. The survey revealed that a third of small business owners (including 58% of Black entrepreneurs and almost 40% of Latino and AAPI entrepreneurs) worry that they would not be able to deal with an unexpected $5,000 expense. Another key finding was that 58% were willing to share digital access to their financial data when applying for financing.