The MCAP program will provide grants ranging from $20,000 to $50,000 for three to six organizations to support and scale microbusinesses owned by people of color.
NCRC Launches Capital Accelerator Program for Business Resource Providers Read More »
Launch And Growth Academies Provide Resources And Networking Opportunities For Entrepreneurs
Adessa Barker, a well-being practitioner and the host of the popular podcast, Attitude Changes Everything, spoke about the mental health of women entrepreneurs.
The Mental Health of Women Entrepreneurs: Challenges and Solutions Read More »
The program awarded $1.3 million to 65 small businesses through grants of up to $20,000 each that do not need to be repaid to fund projects that will help businesses across the U.S. pivot, drive innovation, and grow in a challenging economic landscape.Â
A bank can be a lifeline when times get tough for your business, but it may be difficult to get a loan if the bank doesn’t know you or trust you. Building that trust can be the difference between rejection or a line of credit. Having a banking relationship is just good for business.
Banking Relationships: How and Why? Read More »
First Citizens Bank announced today a $16 billion community benefits plan — developed in collaboration with the National Community Reinvestment Coalition (NCRC) — that builds on its work to reinvest in low- and moderate-income (LMI) communities and neighborhoods of color.
First Citizens Bank Announces $16 Billion Community Benefits Plan with NCRC Read More »
The National Community Reinvestment Coalition (NCRC) and the Stavros Niarchos Foundation (SNF) today announced the launch of a major new initiative, the SNF Small Business Growth & Recovery Fund.
There was a 5.13% loss of bank branches across the United States from 2017 through the third quarter of 2020, a new analysis found.Â
Bank branch closures continue at alarming pace Read More »
Despite published evidence and widespread media coverage of discrimination in the Paycheck Protection Program (PPP) bank loan application process, a second round of tests over the summer showed discrimination continued.Â
More tests and more signs of discrimination in PPP lending by banks Read More »
Minority-owned businesses are vital to economic growth, but discriminatory lending hinders access to credit.
Small Businesses of Color Matter Too Read More »
COVID-19 Small Business Resource The coronavirus has quickly spread into a global pandemic. Governments have taken drastic measures to encourage social distancing. Along with anxieties about contracting and spreading disease, millions of people who were already struggling or living paycheck-to-paycheck face new uncertainties about their financial security. Many organizations and governments have responded with resources
COVID-19 Small Business Resource Read More »
This week, the Senate passed the Payment Protection Program (PPP) Flexibility Act, already passed by the House in May, sending the bill to the president, who is expected to sign it into law. While the act makes necessary improvements to the PPP, more needs to be done to ensure money is going to minority and women-owned businesses and the smallest small businesses.
NCRC Statement on New PPP Flexibility Act Read More »
Today, the House of Representatives joined the Senate and passed a $484 billion emergency relief bill, including a $321 billion infusion for the Paycheck Protection Program, the small business rescue fund that ran out of money last week.
NCRC: The New CARES Act Doesn’t Care Enough Read More »
The $2 trillion federal stimulus plan enacted late last month to help businesses and individuals impacted by the COVID-19 pandemic is already overwhelmed and falling short.
Small businesses need more from Congress and agencies in COVID-19 emergency funding Read More »
The coronavirus is quickly spreading across America, raising concerns that aren’t only health related. While the full economic implications of the disease are still unknown, what we do know is that the people who will face the biggest financial impacts of COVID-19 are the same people who are already financially strapped.
