Minority-Owned Business
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‘It shouldn’t be this hard’: Small Business Credit Survey highlights funding challenges for startups owned by people of color
Half of businesses survive at least five years but many start on shaky financial footing. The Federal Reserve Small Business Credit Survey reveals unique funding challenges for startups owned by people of color.
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How mission-driven financial institutions can improve credit access for underserved small businesses
How important are Community Financial Institutions to getting capital to underserved small businesses? Here’s what we learned from the Paycheck Protection Program.
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Surveys highlight Black-owned small businesses’ credit access challenges; study hints at a fairer approach
Automated underwriting processes used by some lenders may have reduced racial disparities in accessing the Paycheck Protection Program.
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Investment Connection: Getting to ‘We Have a Deal’
Experience Investment Connection—from pitch to impact—with small business owners, community organizers, and bankers, and the Federal Reserve community development experts bringing them together.
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Supporting families and nurturing Ojibwe culture, C’s Daycare stands out in Minnesota’s child care landscape
Banks partner with a community non-profit to help a small business owner upgrade and expand her child care facility.
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![Perspectives from Main Street: The impact of COVID-19 on communities and the entities serving them [2021]](https://fedcommunities.org/wp-content/uploads/2021/09/perspectives-from-main-street-survey-2021.jpg?w=1024)
Perspectives from Main Street: The impact of COVID-19 on communities and the entities serving them [2021]
The spread of COVID-19 and the many efforts to slow it are impacting communities throughout the nation. To best respond to this crisis, information is needed about the scope and scale of challenges in various communities. This report offers findings of a survey designed to collect information on the effects of COVID-19 on low- to…
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Community bank provides critical capital so small businesses can stay afloat
CDFI helps two business owners in Philadelphia’s Chinatown find a lifeline, and a partner, right in their own backyard.
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‘The future … remains unpredictable’: Nonprofit and community lender team up for Philly’s Chinatown
When the COVID-19 pandemic spread here, the Philadelphia Chinatown Development Corporation used Paycheck Protection Program money to help residents and businesses. More support will be necessary.
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‘Like Family’: Struggling Small Businesses Appreciate Community Bank’s Reaching Out
“Customers told us, ‘You saved our businesses. You saved jobs. We wouldn’t have made it if you guys weren’t here and didn’t walk us through this.'”
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‘A Real Trying Time’: Community Lender Gets Much-Needed Dough to Cheesesteak Restaurant
Kansas City’s Steak’M Take’M needed help when the pandemic paralyzed the economy. A lender supporting minority-owned businesses provided PPP relief, made to order.