Minority Business – Minority Owned Business

COMING UP ON THE NEXT TEMPO INDEPTH WE’LL MEET THE MINORITY BUSINESS OWNERS CREATING FABULOUS DOGGIE COUTURE AND MOUTHWATERING PASTRIES AND MORE.

MINORITY BUSINESSES EMPLOY ABOUT SIX MILLION AMERICANS AND THEY’RE ON THE RISE.

PLUS WE’LL HAVE IMPORTANT INFORMATION FROM THE U-S SMALL BUSINESS ASSOCIATION THAT CAN HELP ANYONE WHO HAS EVER DREAMED OF OPENING THEIR OWN BUSINESS.

PLEASE JOIN US FOR A SPECIAL LOOK AT minority businessES ON THE NEXT TEMPO INDEPTH.

Duration : 0:27:29

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Technorati Tags: indepth, Minorities, Tempo

justine PETERSEN hosts a panel discussion on Access to Capital in Minority Communities during SBA Small Business Week 2010. Panelists Clifton Berry – President, Berry Advisors and former Director Fannie Mae St. Louis Partnership Office; Eddie Davis – CEO, Center for the Acceleration of African American Businesses and 2009 State of Missouri SBA minority business Champion of the Year; Karen Davis – Midwest Community Affairs Manager, Regions Bank; and Jose Ruiz – Branch Manager, National City now a part of PNC Bank; introduce themselves.

Duration : 0:9:10

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Technorati Tags: Capital Access, CDFI, FDIC, Minorities, SBA, small business, St. Louis

justine PETERSEN hosts a panel discussion on Access to Capital in Minority Communities during SBA Small Business Week 2010. justine PETERSEN CEO, Robert Boyle, welcomes over 100 people in attendance and Senior Loan Counselor, Galen Gondolfi, introduces distinguished panelists, Clifton Berry, Eddie Davis, Karen Davis, and Jose Ruiz.

Duration : 0:5:16

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Technorati Tags: Capital Access, CDFI, FDIC, Minorities, SBA, small business, St. Louis

Senator Kevin Parker joins Governor Paterson for the signing of legislation that will create jobs by expanding opportunities for minority and women owned businesses and small businesses.

Duration : 0:0:26

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Technorati Tags: Kevin Parker, Minorities, MWBE, NY State Senate, small business, women

Helping minority business owners and entrepreneurs to start or grow a business can help thousands of communities make the most of their resources. These often help impoverished areas to create or restore specific districts or neighborhoods. Business loans for minorities are readily available, and several programs are successfully funded privately or independently. Local funding is available through communities, local organizations, and redevelopment agencies.
A small business loan can be used for a variety of purposes, including business startup costs, purchasing inventory, working capital, and expansion. The business owner must approach a bank, financial institution, or other lending party to provide the funding for the project. Once a proposal and business plan is constructed, a strong presentation and commitment to goals is essential for growth. Minorities are encouraged to apply for business loans since they can help diversify and grow a specific community. The U.S. government encourages minority business growth so that the market and economy can stay competitive, offer unique products and services, and continue to promote growth within communities. Banks and credit unions have a strong interest in investing in minority business loans as they have set aside funding specifically for minority communities and programs. Some banks have a substantial amount of funding available to authorize these loans, and may even meet a quota each year to accommodate for them. Small business loans for minorities by private banks can be secured or unsecured loans. The minority business owner will need to establish their credit standing, outline how long it will take to pay back the loan, and possibly offer some form of collateral. Co-signers are generally mandatory for an unsecured loan. Secured minority business loans require larger payments with a low interest rate. These will usually pay off the loan faster. An unsecured loan may have a higher interest rate, but will be much easier to obtain. Even if you have bad credit history in this case, you can still be approved for a minority loan that is guaranteed by a third party, or the government. 3 Organizations To Help minority business Owners Obtain Business Loans: Southern California is home to Operation HOPE, an organization that distributes over $72 million in loans for minority homeowners and business owners. The website can help other states link up to key resources and influential group leaders in the area, and funds have been set up throughout different states for specific purposes. The Minority Business Development Agency (MBDA)is run by the Assistant Secretary of Commerce under the Bush administration. Over the years this organization has helped thousands of startups, entrepreneurs, and visionaries, get their businesses off the ground through different government-based programs. The website also offers a lot of information on investing, wealth management, cost controls, small business operations, and minority resources in each community. The National Minority Supply and Diversity Council (NMSDC) is a direct link between corporations and business, representing some of the biggest entities in the United States today. These companies extend various grants, programs and loan formats to small business that can contribute to startup capital. Minority businesses must register for the program and are reviewed frequently by corporate buyers.

Duration : 0:1:40

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Technorati Tags: and, Business, for, Helpful, Info, loans, Minorities, Sites

Publisher Gregory Newson announces the search for talent to help bring the minority businesss Directory to a national scale.

Duration : 0:2:5

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Technorati Tags: Business, certified, Directory, jobs, Minorities, Minority, MWBE, National, talent

Lieutenant Governor David A Paterson on statistics for minority-owned businesses and contracts awarded:
“This is embarrassing in New York State.” Lieutenant Governor David A Paterson on statistics for minority-owned businesses and contracts awarded:
“This is embarrassing in New York State.” at Manhattan Chamber of Commerce Event

Duration : 0:2:13

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Technorati Tags: Business, Commentary, Manhattan, Minorities, NYS, pattiedesign, Politics, women