Access to Capital — Small Business Majority Community https://community.smallbusinessmajority.org/ Thu, 29 Apr 2021 05:22:28 +0000 en Access to Capital — Small Business Majority Community I dont fit in the box, but i need help too!! https://community.smallbusinessmajority.org/discussion/178/i-dont-fit-in-the-box-but-i-need-help-too Fri, 12 Feb 2021 20:12:45 +0000 Financing & Access to Capital DirtRich 178@/discussions I believe... Well, im trying to maintain a belief, that there is hope out there for someone like me. More than anything, i feel like I cant possibly be the only one to feel left out and left behind.
I am the founder and CEO of a female owned, single member LLC. I began operation approx 05/19/2019 but did not incorporate until Feb 2020. In fact, I was officially incorporated on Feb 18th, 3 days from the universal magic date that deems a business eligible for assistance or relief.
This is where things get even more dicey... A couooe yeats ago i was the victim of a horrendus identity theft scheme. Being naïve to how severly that stuff can affect someone, ultimately my credit was RUINED, to the point that im still trying to get things removed and i even struggled to open a business bank account at first.
Due to my damaged credit (approx 580) and my lack of a substantial "conventional" business checking I am rendered "un-assistable".
If anyone has any advice at all or could send me in a direction to find some help I would be forever grateful!
UPDATE: I was able to find help in the amount of approx. 20k from the PPP program, however I have a need for relief still in areas that I am not able to delegate funds to accordong to the guidleines of the PPP. So my search continues for any advise or assistance that may have a broader scope of acceptable uses.
Thank you for your time, and I send my thoughts and best wishes to all of you!!]]> Help policymakers understand small business needs by sharing your experiences accessing financing https://community.smallbusinessmajority.org/discussion/143/help-policymakers-understand-small-business-needs-by-sharing-your-experiences-accessing-financing Thu, 22 Oct 2020 14:37:50 +0000 Community Digest and Discussion Zachary_SBM 143@/discussions Today we would like to highlight a survey that the Federal Reserve has created for small business owners and to encourage the members of our community to complete this short survey. Simply put, if our elected representatives don't understand the real needs of small business owners, they won't be able to create the meaningful legislation that is needed to support small businesses nationwide.

The purpose of this survey is to provide vital information to policymakers who are weighing decisions that affect small businesses. The survey takes about 10 minutes and highlights the experiences of small businesses and provides critical information that service providers, policymakers and lenders use to improve programs for small business owners.

Take the survey here!

All survey responses are confidential.

Community Discussion:

After completing the survey, if you have any feedback about the questions asked or would like to start a conversation around the impact of the survey, please let us know in the comments!

]]> PPP & PUA https://community.smallbusinessmajority.org/discussion/104/ppp-pua Wed, 06 May 2020 17:03:47 +0000 COVID-19: Resources and Discussions for Small Businesses jv28 104@/discussions Like many small businesses, I applied to various COVID-related government benefits that I am eligible for. In the last two days I learned that California EDD approved my Pandemic Unemployment Assistance (PUA) claim AND my bank approved my PPP application. Is my company allowed to accept both of these? I read that it is ok to accept PUA until the 8 weeks of PPP payroll kick in - is that true? Not trying to "double dip" from these benefits if I am not supposed to but do want to accept assistance that I can.

]]> Have you checked out Venturize.org? We want to hear from you. https://community.smallbusinessmajority.org/discussion/19/have-you-checked-out-venturize-org-we-want-to-hear-from-you Thu, 13 Dec 2018 19:32:01 +0000 Financing & Access to Capital Debi_SBM 19@/discussions Venturize.org is an online education and resource hub for small businesses that need help becoming loan ready. It allows you to compare small business funding options, find vetted local lenders as well as information on improving your credit score, putting together a loan package, marketing, networking and more.

The platform is run by Small Business Majority and we want to hear from you. Tell us about your experience, favorite part, and ideas for improvement.

]]> How did you learn how to write a business plan in order to get capital to start your business? https://community.smallbusinessmajority.org/discussion/16/how-did-you-learn-how-to-write-a-business-plan-in-order-to-get-capital-to-start-your-business Thu, 13 Dec 2018 16:12:01 +0000 Financing & Access to Capital Zachary_SBM 16@/discussions Does anyone have advice or resources on how to write a good business plan?

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