Roxanne Best kept three businesses – photography, paddle-board yoga and teaching workshops – afloat last summer with a $5,000 COVID-related “business mercy” loan through the Northwest Native Development Fund, a community development financial institution on the Colville Reservation in northeastern Washington.
Source: Tribal Tribune
The pandemic has handed a blow to many businesses along Main Street, but for some black owned businesses, their growth has been exponential despite the effects of the pandemic. What do they attribute to their success? The owners say it’s the increased awareness about supporting black owned businesses.
Source: ABC 11
More small businesses are looking to credit unions to help them get loans through the Paycheck Protection Program’s (PPP) second round. Advocates say they’re offering faster access than bigger banks can provide. The publication Small Business Trends spoke with Dr. David L Tuyo II, DBA, MBA, President and CEO of University Credit Union to find out more about this trend and if it’s here to stay.
Source: Small Business Trends