For small businesses across the country, getting capital to operate or expand can be costly as traditional banks are often reluctant to extend small loans or work with risky new ventures. Enter online lenders, which typically approve loans quickly but also carry high annual percentage rates with tough payback terms. The video also features the Responsible Business Lending Coalition’s Small Business Borrowers' Bill of Rights, a set of lending practices that promotes transparency and fairness in small business lending.
Small Businesses in America: Costly Credit and Growth Challenges
Female Entrepreneurs Of Color Say Access To Birth Control Was “Critical” To Their Success, According To A New Survey
Ever wanted to run a small business? Whether it's a blog or a boutique hedge fund, something unexpected may contribute to your success: birth control. At least, that's according to a new survey of 507 female small business owners across the U.S. Female entrepreneurs of color, in particular, were more likely to say access to birth control was "critical" to their success as a small business owner.
And this new survey, from the national business advocacy organization Small Business Majority, shows that, for female entrepreneurs of color, being able to exert...
Group presses the Labor Department on its association health plan proposal.
Georgetown University’s Health Policy Institute is leading an open records request asking the DOL to release statistics and information about its enforcement of association health plans, as well as past policy and regulation regarding the plans. Mila Kofman, head of the DC Health Benefit Exchange Authority, Russell Suzuki, Hawaii’s acting attorney general and John Arensmeyer, CEO of Small Business Majority are among the signatories to a letter detailing the request. The group is deeply skeptical of the plans, which have a history of fraud.
Birth control access is a staple of female entrepreneurship
Birth control access is a staple of female entrepreneurship. As anyone with a functioning brain knows by now, birth control has always been about more than sex, and is also about women’s ability to make the best and safest decisions about their educational and professional advancement. In addition to its health benefits, by safely preventing unplanned pregnancy, women are able to focus on school or pursue opportunities in the workforce that they otherwise wouldn’t be able to.
On Thursday, Small Business Majority released a survey that found contraceptive access allowed the majority...
Coalition Demands Crucial Information About Association Health Plan Rulemaking
On March 1st, a coalition of stakeholders, including Georgetown University’s Center on Health Insurance Reforms (CHIR), the DC Health Benefit Exchange, the Acting Attorney General of Hawaii, AFL-CIO, Center on Capital & Social Equity, Families USA, National Alliance on Mental Illness, National Partnership for Women & Families and the Small Business Majority released a letter calling on the Department of Labor (DOL) to withdraw or substantially delay the proposed regulation regarding Association Health Plans (AHPs).
Women Entrepreneurs of Color Say Access to Birth Control is Important to their Success
A scientific opinion poll released today found women small business owners, especially women of color, say their ability to access birth control has impacted their business’ bottom lines. Meanwhile, younger women entrepreneurs say contraceptive access has allowed them to advance their careers and focus on starting and growing their businesses.
The survey, conducted by Lake Research Partners and American Viewpoint on behalf of Small Business Majority, found 65 percent of African-American and 64 percent of Latina small business owners say access to birth control, and the freedom to...
The Unexpected Impact Of Birth Control On Female Entrepreneurship
A survey released today by Small Business Majority found half of women under 50 say they put off starting a family to focus on their business. Meanwhile, younger women entrepreneurs say contraceptive access has allowed them to advance their careers and focus on starting and growing their businesses.
“Most small business owners’ business finances are tied to their personal finances, which is why access to birth control and reproductive health is so important for women entrepreneurs,” said Vernita Naylor, founder and owner of Jabez Enterprise Group.
California Democrats Hope To Trim 'Windfall" Federal Tax Cut For Businesses
Appalled by federal tax cuts for businesses, passed by Republicans alone last year, two Democratic members of the California State Assembly have proposed an amendment to the state constitution that would impose a "windfall" tax surcharge on corporations that earn more than $1 million. The money would go into a new "Middle Class Fiscal Relief Fund" that would pay for tax relief and other projects to benefit low- and moderate-income communities.
The amendment, though, may put another business group, the Small Business Majority in something of a bind. Though...
Black Business Loans Up to $100,000 or More With This New Resource
Research also reveals that black-owned firms are less likely to receive loans, receive lower loan amounts and pay higher interest rates than non-black firms. But the national advocacy group Small Business Majority hopes to make accessing capital easier for those firms by leading Venturize into its next phase. Venturize is a public effort launched in 2016 to help small business owners make better decisions when pursuing financing.
Call on legislators to pass 2018 FAMLI Act for sake of Colorado small businesses
As a small business owner, I know how difficult it is to take time off for medical or family leave, and I struggle to extend paid leave benefits to my employees. My business, A la Carte Gifts and Baskets, could greatly benefit from a state paid leave program.
Another Voice: Trump administration jeopardizing health care for California’s small businesses
President Donald Trump's administration recently proposed a rule that would make it easier for insurance companies to sell health insurance across state lines, an idea Trump’s supporters have argued would lower health care costs for small businesses.
In reality, however, Trump and his allies are using small businesses as cover for a policy that would weaken the Affordable Care Act and, in turn, the health insurance marketplaces that many California entrepreneurs need to access quality, affordable health care. If the proposed rule is finalized it could increase premiums,...
Money an issue as many businesses don’t give caregiver leave
Paid time off to care for ill family members is a benefit many employees wish for, but it’s hard to come by — especially at very small companies with limited financial resources. But a quarter-century after the Family and Medical Leave Act gave employees at larger businesses up to 12 weeks of unpaid time off for their medical needs or those of family members, a growing movement aims to help staffers at small businesses get paid leave.
Forcing staffers to choose between caring for a family member and their paychecks doesn’t make sense to Lisa Goodbee. She gives the 17 staffers at her...
Local Workers Consider W-4 Adjustment in the Wake of New Tax Plan
Upon hiring, workers fill out a W-4 form with their company's payroll department, informing the government how much they'd like withheld from their paycheck. With more workers now opting for the standard deduction and more exemptions no longer available, employees who receive more money in their paycheck each week may not be prepared to see a smaller refund at the end of the year. The process is complicated, and the owner of Bagel Grove in Utica wants to help her employees understand their finances. "If you're someone that has very few claims on their W-4, less is...
Black Business Loans Up to $100,000 or More With This New Resource
The national advocacy group Small Business Majority hopes to make accessing capital easier for those firms by leading Venturize into its next phase.
D.C. business community not surrendering the paid leave fight
The D.C. Chamber of Commerce has no intention of letting go of the paid leave issue. Erik Rettig, the Northeast/Mid-Atlantic Director of national advocacy group Small Business Majority, which supported the legislation, said he's spoken with D.C. small business owners who are pleased the law is moving forward. They have been frustrated, he said, by the uncertainty.
"They all support this type of program and frankly, it's been a year since the law was passed and a lot of these folks really want to know that there won't be repeal and replace going forward,"...
Small Business Majority to Lead the Next Phase of Venturize
In June 2016, OFN launched Venturize, a public awareness campaign designed to help small business owners make empowered decisions when seeking financing for their businesses. The campaign achieved its goals of generating 75 million impressions and reaching 330,000 small businesses through its educational platform Venturize.org.
OFN is now excited to report that Small Business Majority—whose mission is to empower America's entrepreneurs to build a thriving and inclusive economy—is leading Venturize into its next phase to provide even more resources to entrepreneurs and small...
Tax bill provision designed to spur paid family leave to lower-wage workers
Under the federal Family and Medical Leave Act, employers with 50 or more workers generally must allow eligible employees to take unpaid leave for up to 12 weeks annually for specified reasons. These include the birth or adoption of a child, caring for your own or a family member’s serious health condition, or leave for military caregiving or deployment. An individual’s job is protected during such leaves.
A tax credit that can be claimed at the end of the year is unlikely to encourage small businesses to offer paid family and medical leave, said Erik Rettig, an expert on family...
These 5 bills before California lawmakers seek to expand health coverage, lower costs
This week, advocates of moving California to a single-payer health care system renewed their push in Sacramento. On Wednesday, hundreds of them crowded into a hearing of a special State Assembly committee that's exploring whether and how to bring universal health care to the state.
John Arensmeyer, CEO of Small Business Majority, encouraged lawmakers to keep Association Health Plans out of the California small group health insurance market. President Trump loosened rules governing these health plans. The president argues they spur competition. Arensmeyer and others believe...
Starting Sunday, businesses in Maryland must provide paid sick leave
Many business owners in Maryland are scrambling to prepare for the state’s new sick-leave policy, which takes effect Sunday despite a veto last year from Gov. Larry Hogan (R) and a last-ditch attempt by the state Senate to delay it. Some business owners say they don’t know whether their employees qualify for the benefit, or wonder if their existing plans comply with the requirements. Others are concerned about a perceived lack of guidance from the state, or what will happen if they make an honest mistake.
Ed Snodgrass, who operates a Harford County wholesale nursery that employs...
Raising consumer spending is the best thing for our economy
Small Business Majority did a scientific poll that said 60% of small businesses are for raising the minimum wage to at least $12 an hour. So in terms of stimulating our economy, this is the number one way to get people decent pay, more jobs and more sales to businesses.