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Small Business

Financial Success for Hispanic Immigrants in The Bronx

Many immigrants that live in The Bronx are of Hispanic descent. In fact, more than 50 percent of the Bronx population identifies as Hispanic. This makes The Bronx the most diverse area in the United States, according to the 2010 U.S. Census. The Bronx is home to an array of […]

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How millennials can finance a startup

If you’re a millennial who dreams of owning your own company, you’re not alone. But you will need capital and that might be an issue. Most lenders are cautious to participate in startup financing because it’s a high risk. Startups are uncertain projects, compared to established businesses with consistent revenue […]

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How to Get Funding for Your Business

There’s no better time to make a bold life decision than the new year.  If you have always wanted to start a business, this is the month to take action. A recent survey by the Economic Innovation Group found that roughly 62 percent of Millenials want to start their own […]

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NYC Programs to Help Small Business Owners and Aspiring Entrepreneurs

New York City has many public services to help small businesses and aspiring entrepreneurs with everything from guidance to growth. Unfortunately, many of these public programs are rarely advertised. As a result, entrepreneurs don’t take advantage of these services. Provident Loan Society of New York recently went through the different […]

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How to get Funding for Single Person Companies

The number of US companies with zero employees continues to grow, according to the US Census bureau. Even companies that historically required dozens of people are now being run by only one employee. Food manufacturers with a single-employee doubled between 2004 and 2014, while beverage makers with one employee grew […]

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Historical Trend of Banks Not Lending Money to Small Business

  Tighter regulation in the financial industry has made banks less willing to lend money to consumers and businesses with fewer resources. As a result, banks aren’t lending as much money to them. But this lack of lending isn’t a new phenomenon. In the late 1800s, consumers and small business […]

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