The Ultimate Guide to Starting a Minority-Owned Business [+ Expert Tips]

The Ultimate Guide to Starting a Minority-Owned Business [+ Expert Tips]

COVID-19 presented more challenges than one for businesses, and the pandemic took an even more tremendous toll on minority business owners. With minority business owners experiencing a cash crunch, not many could secure loans to keep their doors open. In 2020, 400,000 small businesses decided to permanently close due to the effects of the pandemic…

Why FICO Scores Aren’t Enough For Small Business Lending

Why FICO Scores Aren’t Enough For Small Business Lending

While there’s a growing demand for technology within almost every business sector, many fintech companies have been under more strain than ever since the Covid-19 pandemic caused economic uncertainty across the world. More people than ever spent 2020 looking for financial support, and many of them were owners of small businesses who found themselves having…

Local Retailers Fight to Compete with Online Marketplaces

Local Retailers Fight to Compete with Online Marketplaces

According to Shopify research, two in five local retailers are struggling to compete. And 59% say they may need to close their doors in the next two years. However, almost two-thirds of small business owners (65%) are implementing different tactics to compete with major online marketplaces. Local retailers are improving store atmosphere (50%), offering more…