SBA Lending To Black Businesses Doubled Since 2020
The SBA says the $1.3 billion in loan dollars and 7.5% overall share of SBA approved loans to those firms so far in fiscal 2023...
SBA
Judge’s Ruling: Business Owners Of Color Must Now Submit Proof Of ‘Social Disadvantage’ For SBA Loans
Judge Clifton Corker ruled in favor of Ultima Services Corp.'s case against the United States Department of Agriculture, using the same logic that the Supreme...
Tennessee Judge Rules Against SBA Program, Many Minority Businesses In Panic
The business world is witnessing a casualty of the Supreme Court’s landmark decision to strike down race-conscious admissions systems at Harvard College and the University of North...
Third Round of PPP Funding Starts With Greater Focus On Minority-Owned Small Businesses
The new round of PPP funding comes after small business advocates claim that minority and women-owned firms did not get sufficient government funding....
Benedict College Boosts Women Entrepreneurs With 2nd HBCU Women’s Business Center
Benedict College opened a new Women's Business Center funded by the Small Business Administration to help women entrepreneurs start and grow businesses...
$132 Billion in PPP Funding Still Available; New Report Shows Scant Details On Race in Loan Info
There was more than $132 billion unclaimed on loan approvals on the Paycheck Protection Program, but few details on the race of businesses receiving loans...
CDFIs Get An Additional $10 Billion In PPP Funding From SBA
The SBA is providing an additional $10 billion in Paycheck Protection Program (PPP) funding for Community Development Financial Institutions (CDFIs)....
Agriculture Businesses, Including Black Farmers, Can Qualify For SBA Disaster Loans Up to $150,000
Black farmers are eligible for disaster loans the U.S. Small Business Administration is providing to agricultural businesses hit hard by the coronavirus....
Retired Harvard Business School Professor: Black Businesses, Please Take The PPP Money!
Retired Harvard Business prof. Steve Rogers encourages black business owners to apply for funds through the SBA's Paycheck Protection Program....
Black American Business Owners Sound Off in New Survey of PPP Programs
Results are in from a new national survey of small black-owned businesses conducted by Creative Investment Research on the Paycheck Protection Program...