[COVID-19\Small Business Hotels]
New report shows without increased loan limits in the Paycheck Protection Program (PPP), small business hotels won’t be able to keep doors open and rehire employees.
Photo: AHLA
Article: Small Business
Small Business
ESSENCE BENEFIT SERIES TO FIGHT COVID-19 WILL BE LIVESTREAMED APRIL 24th
[ESSENCE BENEFIT SERIES TO FIGHT COVID-19]
The ESSENCE Benefit Series to Fight COVID-19 kicks off with the first-ever ESSENCE + New Voices Entrepreneur Virtual Summit…which will be streamed live on ESSENCE Studios on Friday, April 24th, from 10:00 AM – 6:00 PM ET.
Photo: Essence.com
BLACK ENTERPRISE FOUNDER EARL GRAVES SR. CHAMPIONED BLACK BUSINESSES
[Earl Graves Sr.\Black Businesses]
Keith Clinkscales: “Graves did more than chronicle successful Black businesspeople — he created a blueprint for brand-building in a multimedia world.”
Photo: YouTube
COMMUNITY FINANCIAL INSTITUTIONS INVOLVEMENT IN SMALL BUSINESS COVID-19 RELIEF FUNDING IS CRITICAL
[SBA COVID-19 Relief Loan Funding]
Velazquez: “To expand opportunities for women-, minority-, and veteran-owned businesses, we must increase the role of mission-based lenders, those who are deeply embedded in their communities, such as community banks, community development financial institutions, and SBA microloan intermediaries.”
Photo: YouTube
NY ATTORNEY GENERAL TAKES ACTION TO PROTECT SMALL BUSINESSES IMPACTED BY COVID-19
[COVID-19\Small Business]
Attorney General James: “Hardworking families and small businesses across the country are struggling more than ever because of this pandemic.”
Photo: Twitter
FAITH-BASED ORGANIZATIONS ELIGIBLE FOR SBA COVID-19 LOANS AND AID
[Paycheck Protection Program\Economic Injury Disaster Loan Program]
SBA Administrator Jovita Carranza: “While every American is being affected by COVID-19, the impact of this pandemic is particularly hurting our schools and places of worship, and disproportionately impacting the underrepresented communities.”
Photo: YouTube
BLACK BUSINESSES LOSE GIANT WITH BLACK ENTERPRISE FOUNDER’S PASSING
[Black Businesses\Earl Graves\Black Enterprises]
Morial: “Graves demonstrated an almost perfect combination of intelligence, ambition, tenacity, and passion in his career… His influence can be seen everywhere from the humblest small businesses to the c-suites of the nation’s most influential corporations.”
Photo: YouTube
BLACK ENTERPRISE FOUNDER EARL GRAVES SR., PASSES AWAY AT 85
[Black Business\Earl G. Graves Sr.,]
Graves was widely considered to be the ultimate champion of Black business, launching Black Enterprise in 1970 to not only chronicle the rise of African American entrepreneurs, but also provide the tools for African Americans to succeed in business.
Photo: YouTube
SBA’S PAYCHECK PROTECTION LOANS APPEAR TO EXCLUDE MANY CONSTRUCTION COMPANIES
[COVID-19\Paycheck Protection Program]
AGC: “We urge the President and the Administrator of the Small Business Administration to immediately clarify the eligibility standard for the program so that all construction firms that employ fewer than 500 people are able to take advantage.”
Photo: YouTube
WATERS: COMMUNITY FINANCIAL INSTITUTIONS MUST BE INVOLVED IN HELPING SMALL BUSINESSES
[Community Financial Institutions]
The PPP allows financial institutions to provide forgivable loans to small businesses so they can keep employees on their payroll while having additional funds to pay rent, utilities and other costs.
Photo: YouTube
