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Where Black Entrepreneurs Can Find Financial Help

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Echoing Green, Black-Led Women Groups, investors, social media, Fund, blog, network, Innovators, Black Founders


Black-owned businesses are booming this yr. Whether it’s retail, hair and wonder, food or alcohol, there are more Black entrepreneurs than ever, and plenty of have gotten successful businessmen and ladies.

Despite the news, many black entrepreneurs struggle to seek out seed capital, bank loans, expansion funds and loans. According to , Forty-six percent of Black business owners say they’ve encountered issues accessing capital, amongst other challenges; 39% feel they don’t have enough details about learn how to apply for money; 38% don’t have a relationship with a lender or bank; and 21% have no idea where to use for capital.

In honor of Black Business Month BLACK ENTREPRENEURSHIP has developed a listing of monetary resources for black entrepreneurs.

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Loans and grants

Founders of the First CDC

Founders of the First CDC is the most important national platform for growing businesses led by diverse founders. Since 2015, this nonprofit has provided funding, training, and mentoring opportunities for businesses led by women, people of color, military veterans, LGBTQ+ members, and entrepreneurs in urban communities.

Earlier in 2023, Founders First awarded $25,000 to women-owned businesses on Mother’s Day. Last yr, it awarded $300,000 to assist Black, women, and experienced entrepreneurs of color in New Jersey, Pennsylvania, Chicago, and Texas through its Job Creators Quest Grant program. Founders First also offers scholarships for its business accelerator programincluding leadership coaching and continuous business improvement.

Lendistry

Since 2014 Lendistryminority-owned community development financial institution (CDFI), has provided greater than $9 billion in economic opportunity and progressive growth to greater than 600,000 small businesses and their underserved communities. Lendistry provides business loans, the Small Business Administration (SBA) special loans grants and programs for entrepreneurs in California, Colorado and New York.

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Lendistry is working with its non-profit organization, Center by Lendistrato attach small business clients with technical support, business courses, and business advisors. The organization also provides references from entrepreneurs who’ve applied for and received funding.

During the COVID-19 pandemic, Lendistry has awarded greater than $200 million in pandemic recovery grants to small and micro businesses in New York City.

Other grant programs for Black entrepreneurs include Power Forward Small Business Grantwhich offers $25,000 to Black-owned businesses in New England and Beyond Open Grant for minorities, women, veterans, LBGTQ+ people, and other people with disabilities in Charlotte, North Carolina.

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Acceleration Programs for Companies

Those who have already got their business up and running may now be searching for an accelerator program to take their business to the following level. Here are some business accelerator programs that may also help.

Amazon

If you might be an entrepreneur operating within the retail industry, Amazon Black Business Accelerator The program goals to assist construct the sustainability of Black-owned businesses by explicitly addressing barriers to access, opportunity and advancement.

The Amazon Business Accelerator program provides financial assistance, education and business coaching, in addition to marketing and promoting support for Black entrepreneurs.

Goldman Sachs

Goldman Sachs has two business programs, one specifically for black women.

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The first is 10,000 small businesses programwhich provides business education covering the important thing elements of business development through a network of faculties across the United States. The program partners with CDFIs and other lenders to supply capital to small businesses. The 10,000 Small Businesses program also connects latest entrepreneurs with those that have passed through this system for one-on-one advice and networking opportunities.

Goldman One Million Black Women The program is an extension of the ten,000 Small Business Program, which goals to show Black women entrepreneurs learn how to higher understand their funds, hire employees, price services and products, and connect aspiring entrepreneurs with a network of successful Black women entrepreneurs.

Google for Startups Black Founder Accelerator

Google for Startups Black Founders Accelerator is a 10-week digital accelerator program for Seed to Series A technology startups based within the U.S. and Canada. The program will accept 10 Black-owned technology startups and supply them with three months of mentorship and training from over 20 Google teams, technical support, early access to Google tools and products, and more.

Applications are open and the winners shall be chosen this yr. Companies participating in this system include: 4 degrees, Beam City DNAAND EDLight.

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Other key business acceleration programs include: Seed Place, Tummland Coalition to Support Black Businesses.

Venture capital firms

Many Black investors are currently searching for the appropriate company to speculate in. Everyone from Black celebrities to people within the financial industry have been launching enterprise capital firms lately to assist Black entrepreneurs realize their dreams. Here are some VC firms and investors who may also help turn your idea into something extraordinary while also providing financial assistance.

Black Angel Technology Fund

This Black Angel Technology Fund is a VC firm founded by Black entrepreneurs and investors, focused on seed funding for early-stage technology firms. Black Angel’s investments include After some thoughtpatented transaction delay/revert technology, which allows users to reverse transactions before they reach the opposite party; and Ceek VR, a next-generation virtual reality platform.

Interested parties can send an e-mail to Black Angel or register on the inspiration’s website home page for more information.

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Harlem Capital Partners

New York-based Harlem Capital Partners focuses on early-stage minority startups. The firm’s goal is to create wealth for girls and other people of color. Forty-three percent of the businesses Harlem Capital has invested in are women-owned, and 61% are Black or Latinx-owned.

Black Information Pages Blavity, he fixed it, AND Chatdesk are amongst the businesses in Harlem Capital Partners’ 51-investment portfolio. Interested parties can fill out an investment form form to present your idea.

Serena’s ventures

Retired tennis legend Serena Williams is using her sophomore yr to assist people of color and ladies working in diverse industries. Serena’s ventureswhich Williams founded in 2014, invests in entrepreneurs who want to resolve on a regular basis problems through unorthodox considering. Serena Ventures has managed a portfolio of greater than 60 angel investments using Williams’ own money.

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Last yr, Serena Ventures raised $111 million in a funding round and its current portfolio includes Juno Healthcare, Stupid, Nestcoin, AND Infinite objectsEntrepreneurs excited about Serena Ventures can complete its offer form.

Other VC firms supporting Black and ladies entrepreneurs include: DigitalUndivided, Impact America Fund, Intercultural projectsAND Fearless Fund.

BLACK BUSINESS MONTH:3 Black Business Leaders Who Are Leading the Way in Unconventional Industries

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This article was originally published on : www.blackenterprise.com

Business and Finance

Meet the same guys of the Ole line

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Waiting for things or possibilities will be time consuming and annoying; However, if you have got at the least USD 40, you’ll be able to call one of Robert Samuel’s guys themselves, and they’ll do it for you.

Called by a compatriot from New York, the same guys were seen for people for luxurious samples, holes in the restaurant, and recently the Sean “Diddy” Combs housing. With many good hustle and bustle visible on the web, Samuel began his concert in 2013 during the madness of “Cronut” Croissant-Donut, and now he has 45 employees on his letter and charges from USD 25 to 37.50 USD per hour.

While people attempt to give you how To make a fast zlotySamuel says it’s about using what’s around you. “Always watch out for everything around you. When people complain, just put on a thoughts of thinking and check if you have a solution to what they are complaining about,” said the owner of the company

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“You would probably shock yourself and be on the edge of the next steps.”

His journey began while working as a business representative at AT & T. After nervously that he intended to miss the commission control with the time of the recent edition of the iPhone 5, he decided to comfort himself by publishing an commercial on Craigslist, offering his services to attend in a queue to get one. Three hours later, Samuel was employed only in order that the customer would inform him that he placed a web-based order when he arrived forward.

Then he sold his place in the queue for $ 100, giving the bulb power in his head – and leaving $ 300 in his pocket. “I said,” Well, what can I do? Wait some time. I did lots of sitting on the pavement, “recalls Samuel. “So I created accounts on social media and regularly began.”

His journey even took him outside the NYC limit. Samuel found himself on the plane to face in a queue for the client at the latest meeting of Berkshire shareholders in Berkshire Hathaway in Omaha, Nebraska, at the starting of May 2025. However, the scene of the courtroom became lucrative for his activities, covering the trials of Bankman, Ghislaine Maxwell, and even President Donald Trump in 2024.

According to members of the Samuel team, they’d to fight women I’m attempting to cut the line To take a take a look at Luigi Mangione, a person accused of killing the general director of Unitedhealthcare Brian Thompson. “It was freezing, women tried to limit,” said Brandon Sutton.

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Sutton and two colleagues, Tim and Brian, survived frosty in New York temperatures, because their anonymous customer paid them USD 25 per hour. Regardless of what his clients employ their team, Samuel says that he wouldn’t wish to do the rest, because he can “realize people’s dreams.” “It’s the beauty of bringing joy to people, doing something as simple as waiting in a queue,” said Samuel.

(Tagstransate) Luigi Mangione

This article was originally published on : www.blackenterprise.com
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Ebonie Ward has an official opening of 550 RMG in Atlanta

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Ebonie Ward, 550 RMG


On May 17, the old fourth branch in Atlanta was buzzing with celebration when the entertainment director and entrepreneur Ebona Ward officially opened the door 550 rmgThe recent headquarters of her company, eleventh & Co. A ten,000 square feet of 10,000 is a return to her hometown and a brave investment in black creativity, cooperation and community.

“To be honest, it really means everything,” Ward said about having a brand new headquarters. “You work so hard to achieve a certain level of success. I have been in the industry for 13 years and I have rented a lot of space. I have worked with many other companies and brands, but have something of my own … I just feel completely different.”

Ward travel in the entertainment industry covers over a decade, including rap stars management comparable to Future, Gunna, DDG and Flo Milli. As one of probably the most influential black women in music, she is understood for connecting her sharp business vertex with deep involvement in community, culture and mentoring.

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550 RMG is a brand new house of five black corporations, including eleventh & COCreative Agency Six Degrees, Production Collective Genius Club, Non -Profit initiative and a month on the table and the approaching nine distribution, a brand new distribution company that’s to start out in September 2025.

“It gives me so many opportunities to help many more people,” said Ward. “Especially other black women who are interested in music business, entertainment, television, music, film … allows me to open and support so many other people.”

Ward has an extended history of cooperation with the founders of enterprises positioned at 550 RMG.

“I worked with B. Wright (Brian” Bwrightous “Wright) since 2011, when he was in Morehouse,” she said. “I used to have a Sneaker boutique on Peter Street and sold his shirts. We have been working together for years, and this allows us to support our companies in a more intentional way.”

The recent facility can be an area in which creativity and community coexist. Designed by an interior designer based in Atlanta, Annies Lamantia, 550 RMG features a recording studio, edition and production bay, wardrobe showroom, open kitchen, patio and plenty of conference rooms.

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“Studio is a place where magic is created,” Ward said, although she also emphasized the importance of versatility of space. “I really wanted to pull energy from this space. I wanted the versatility of opening up, so that people could cooperate and be common, but also have a space in which people can be focused and have a certain level of privacy.”

The intention for 550 RMG is deeply rooted in service. “This is the point for me – the messenger,” said Ward. Her Non -Profit organization, a spot on the table, recently hosted the third annual dinner on the occasion of HBCU scholarship holders. “I’ve always walked about music, art, philanthropy, fashion and finance. That’s what I call my Big Five. But philanthropy has such a close and expensive place in my heart.”

Ward’s commitment in social care is as comprehensive as its business tip. From events supporting women who’ve experienced losses in the course of the Mother’s Day, to programming breast cancer awareness in October, significant financial investments in scholarships for young black women attending HBCus, her work through the place on the table changes life. “I am a member of Delta Sigma Theta Borority Incorporated, and the service is always the first. But even more so, service with a mission,” she said.

https://www.instagram.com/reel/dios_qkak70/?igsh=mtnyBMPPMXF2Aglmeq===

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Building a team of powerful black women can be the predominant part of Ward’s legacy. While Ward is the overall director, owner and company manager, Jenna Tyson, Jenna Tyson, is the marketing director (CMO), Alexandria Kindle has 11thAnd the financial director I CO (CFO), Krishna Lee is EVP Touring & Logistics, and Zita R. Brack is the corporate’s internal legal advisor.

“I’m not without them,” Ward said. “As far as I am celebrated, if I could put them on a pedestal – on every pedestal I am in – they would be right next to me. I saw it and I was looking for many of them who came with me because of how amazing I thought.”

With the launch of nine distributions on the Ward horizon, there’s the inspiration for a more fair music industry. “Independence flourishes,” she said. “You don’t have to be signed now to the main label to succeed, but to be able to run a company, it requires a team. This is what we will be able to do differently – you can enter the incubated system in which everything is already working.”

550 RMG was born in addition to vision. “I wanted a comprehensive store,” she said. “There was no institution or a company where you were able to do everything in one.”

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While the obligations to work require an everyday travel department to Los Angeles, a return to Atlanta, to construct 550 RMG, seemed vital. “You must be a change you want in the world,” she said. “If I do not give people work, resources and tools, I do not create opportunities. Black women must see that it is possible.”

(Tagstranslat) ebonie ward

This article was originally published on : www.blackenterprise.com
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Business and Finance

An online tourist company has just broken down. Here’s how to avoid leaving a contract online

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Traveldream.com.au sold with holiday discounts – chosen tourist trips, boutique and cultural trips trips through A clever website and refined social media ads. But last week there have been news that a tourist company from Melbourne He fell to administrationleaving customers from pocket by 1000’s of dollars, and in some cases got stuck abroad.

Many didn’t know that Traveldream has not been formally accredited with a leading industry body since 2020. His status under Australian travel accreditation programLeaded by the Australian Travel Industry Association, has been canceled.

Even worse, most travel insurance policies Do not include insolvencymeaning Many customers cannot get well their losses.

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The Traveldream website has been updated about a message from the administrator.

Australians are expected to end $ 2 billion Online holiday reservation in 2024–25.

Large platforms, corresponding to Booking.com and Expedia Account O 60% this motion. But many travelers also turn to smaller or less known suppliers offering flashy offers and lower prices, often with fewer security.

So how are you able to protect yourself? Start with these five controls.

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1

This is a common tactic that is difficult to resist. You scroll, see a dreamy picture, the value is tempting and suddenly you’re in the course of the money register.

But refined promoting doesn’t guarantee legitimacy.

Travel fraud If They growEspecially engaging Sellers only online.

A couple relaxing on a tropical beach at sunset in a hotel
Ads in social media for idyllic holidays may be tempting, but check a small print.
Song_about_summer/shutterstock

Check for those who can confirm your corporation address, phone number and customer support. If the contract seems unclear, underestimated or excessively urgent, it’s a red flag.

Look for independent reviews (on Trustpilot, TripAdvisor or Google) and check Scamwatch for known problems.

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2. Look how the company is involved with clients

The company’s status isn’t only what it guarantees: It is predicated on how he reacts to questions and complaints. Before booking, take a moment to see how the company interacts with clients online.

Do they respond constructively to complaints? Do they provide updates or explanations when problems arise?

Also concentrate to the tone. Does it feel Human and responsiveIs general and manual? This may suggest how they’ll treat you after sales.

Small characters can speak to the amount. A page with 1000’s of followers, but no visible commitment may indicate a paid audience – and a company that disappears when the situation becomes difficult.

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3. Check if the company is accredited

Another way to assess the credibility of a tourist company is to check whether it has formal accreditation. This signal that the company has met financial security standards, customer support and dispute resolution.

Search for the Australian Travel Accreditation Program register https://www.atas.com.auor search High -quality accreditation. In the case of foreign suppliers, check the recognized local programs.

Accreditation offers additional assurance, but this isn’t the entire picture. Some large, reputable corporations, corresponding to expedia, operate without it. If the company isn’t accredited, proceed caution and give attention to how reservations and payments are supported.

4. Carefully examine the foundations

Before booking, check what is going to occur if the supplier receives whether you’ll be able to cancel or change the date and how the reservation has been confirmed. Where possible, proceed directly with the hotel, air or cruise line to make certain that the reservations are secured.

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Cropped view of a woman entering the hotel room and holding the suitcase
Reservation directly on the hotel or tour supplier may be sure that you’re receiving current availability.
Media_photos/shutterstock

It can also be vital to understand what Travel insurance does – and doesn’t include.

The company’s insolvency is one among the The most typical exclusion. While the policy doesn’t include the “failure of the end supplier” or a similar clause (most don’t), you might not have the ability to apply for a refund. Always read the product revealing instructions to check exactly where you’re.

Another security is to pay for defense. Although the conditions differ depending on the supplier, bank cards can offer a return load If goods or services are usually not delivered.

5. Book directly where possible

During accredited travel agencies It may be helpful in complex routesLike foreign trips with many stops or package services, it is usually price booking directly with the supplier when organizing online travel, no matter whether it’s a hotel, airline or a trip company.

Cutting out brokers can offer higher value, including free add -ons, flexible cancellation and full access to loyalty programs.

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Direct reservations normally reflect the provision and costs in real time, reducing the danger of outdated information. You will use direct communication and confirmation, making it easier to adjust or solve problems.

If something goes improper, there’s also greater clarity about who’s responsible – it offers a stronger appeal Australian consumer law.

Lower line?

As increasingly more Australians book online, it’s tougher to say what’s trustworthy and what can reject you out of your pocket.

The fall of Traveldream is a reminder. Even on this planet of digital travel offers, it pays to ask: is that this company built to last, not only the departure of the trip, but until you come home?

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This article was originally published on : theconversation.com
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