access to capital Archives - Black Enterprise

State Governments Need to Intentionally Address Equity in Access to Capital for Black and Brown Entrepreneurs

Dr. Zakia Smith-EllisApril 13, 2021April 13, 2021

by Dr. Zakia Smith-EllisApril 13, 2021April 13, 2021938

There is an equity crisis in access to capital that must be addressed with intentional government action like New Jersey Gov. Phil Murphy’s proposed $10...

Entrepreneurship

56% of Black Entrepreneurs Say Gaining Access to Capital is a Lingering Challenge, Lessening Their Ability To Grow

Jeffrey McKinneyMarch 1, 2021March 3, 2021

by Jeffrey McKinneyMarch 1, 2021March 3, 20211153

A new study published by Bank of American reveals that more than half of Black entrepreneurs say they face challenges accessing capital, which has limited...

Entrepreneurship

New $100 Million Fund To Assist Early Stage Black Founders Being Launched By Clearbanc

Jeffrey McKinneyFebruary 26, 2021February 26, 2021

by Jeffrey McKinneyFebruary 26, 2021February 26, 20217592

A new $100 million angel fund is being launched by Clearbanc for Black Americans and other early-stage founders as an alternative way to secure financing...

Entrepreneurship

3 Ways You Can Access Capital for Startups

Levar HaffoneyFebruary 10, 2020February 10, 2020

by Levar HaffoneyFebruary 10, 2020February 10, 20205857

Small business owners face a number of challenges when it comes to accessing capital. Whether it’s debt or equity, many lenders and investors just don’t...

Entrepreneurship

Citi Launches $150 Million Fund To Support Minority Businesses, Including Black Firms

Jeffrey McKinneyJanuary 27, 2020

by Jeffrey McKinneyJanuary 27, 20206550

Citi is using $150 million of its own capital to fund minority-owned businesses that are making a positive impact on society....

Entrepreneurship

NAIC Gets $1.4 Million MBDA Grant to Raise $1 Billion for Investment in Minority Entrepreneurs

Jeffrey McKinneyOctober 16, 2019October 16, 2019

by Jeffrey McKinneyOctober 16, 2019October 16, 20191373

The MBDA awarded a $1.4 million grant to NAIC to raise nearly $1 billion in much-needed growth capital for minority entrepreneurs....

Entrepreneurship

USBC and BYPO Partner to Assist Black Businesses With Growth and Sustainability

Jeffrey McKinneyApril 11, 2017September 29, 2017

by Jeffrey McKinneyApril 11, 2017September 29, 2017884

Black businesses could soon get help with everything from obtaining financing to finding customers courtesy of two prominent business groups....

Entrepreneurship

#techies Win Contract Opportunities from Former Wall Street Investment Banker

Nathaniel J.January 12, 2017September 30, 2017

by Nathaniel J.January 12, 2017September 30, 2017408

As a software procurement system with a social mission to grow minority, women, LGBT and veteran businesses, Avisare donates a portion of all revenue to...

Entrepreneurship

43North Awards $5 Million to 8 Startups in Business Pitch Competition

Carolyn M. BrownNovember 1, 2016September 30, 2017

by Carolyn M. BrownNovember 1, 2016September 30, 2017463

Find out about the Black founders among the winning startups to walk away with cash prizes as 43North pitch competition awards over $5 Million...

Entrepreneurship

Big Banks Lending to Small Businesses Highest Ever

Carolyn M. BrownOctober 19, 2016September 30, 2017

by Carolyn M. BrownOctober 19, 2016September 30, 2017435

Big banks lending to small businesses is at an all time shows a new report, with loan approval rates falling at small banks and alternative...