If you were to look at the national bank balance sheet, you’d realize that access to fixed capital has really gone down. To elaborate, while the intellectual capital is growing (college graduates), you will find young engineers and doctors who may not have the necessary balance sheet to acquire fixed capital. So, the challenge has become, How do you finance people like that?
Small Business Loans & Funding Starting and growing a successful business isn’t easy. It takes a lot of good decisions and plain ol’ hard work. Unfortunately, for many black owned businesses, finding the right funding for your small business can make the journey even more challenging. What can you do to prepare?
BusinessUSA is a centralized platform to make it easier than ever for businesses to access services to help them grow and hire. To strengthen America’s competitiveness in the global economy, businesses will need to be equipped with the best tools and information available to support innovation and job growth in the 21st century. However, hard-working (more…)
The N.C. Loan Participation Program eases the ability of North Carolina businesses to obtain credit by reducing a lender’s risk. Lenders that participate in the program can submit eligible loans to be considered for inclusion in the Loan Participation Program. If a loan is accepted into the program, the Rural Center will take a stake (more…)