PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Global Entertainment Services, Inc.

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Minority Small Business Owners Struggle to Find Financing - Minority owned small business seek resources and financing on the internet
Minority Small Business Owners Struggle to Find Financing


NewswireToday - /newswire/ - Walnut, CA, United States, 2007/04/19 - Minority owned small business seek resources and financing on the internet.

Your Banner Ad Here instead - Showing along with ALL Articles covering Franchise/Biz Opportunity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Many minority small businesses are being overlooked by banks, lenders and investors. Minority small business owners looking for resources, help or even a guiding hand are now turning to the World Wide Web for answers and relevant information on how to start or expand their business.

According to the State of African American Business Survey supplied by the Minority Business Development Agency (MBDA), between 1997 and 2002, African American owned businesses have outpaced the national rate of 10%, by growing at an astounding rate of 45%. The 2002 survey states these businesses have a total gross receipt of $88.8 billion, a 25% increase, and an average gross receipt of $74,000. These businesses hire 756,000 employees which is a 5% increase from 1997. Most of the African American Minority Business Enterprises are respectively located in New York, California and Florida.

With such an increasing amount of minority small business owners hitting the pavement trying to find help, funding, guidance and overall information, it behooves financial companies to listen to their small business counterparts. There is a constant need to implement programs geared for the small business owner so that they can successfully start or grow their business. These businesses are the engines that move the economy forward and keep Americans working.

Before a small business owner can get the needed monetary funding or capital to start or grow the business, there are a few important steps to complete. Small businesses must make sure they have the necessary paperwork and information in a comprehensive application presentation. Having the necessary resources available online is an extremely time saving tool which helps small business owners fill out only pertinent forms and presents the information in an easy to read and handy package. Business owners must make sure they have what lenders, banks, brokers or investors are looking for in an applicant. Small business owners must make their new business checklist, gathered from, which includes the following:

• Decide if your business will be a sole proprietorship, partnership or corporation
• Contact the Secretary of State if you decide to incorporate and get a Federal Employer Identification Number (EIN)
• Contact the States Employment Development Department for important unemployment materials and the Workers Compensation Department
• Check with the local and state offices for license regulations
• Get all necessary information and paperwork from the IRS.

The business owner must prepare a written business plan and financial statements. This might be overwhelming to many owners, but help can be found at various non-profit and government websites. A few suggestions are the url (Minority Business Development Agency) and the non-profit agency at the url (Senior Core of Retired Engineers), (

Another suggestion is using’s resource center compiles all the financial, insurance and investment information needed by entrepreneurs to either start a business or sustain a growing business. From equipment leasing loans, to network links, to complex questions such as business bankruptcy alternatives, provides small business with the resources they need. It’s a one stop problem solution center.

Nearly 3 in 10 business entrepreneurs start with no working capital, making it even more challenging to survive the first few years of business, according to the US Census Bureau. And as the African American community grows from 13% to 15% by 2050, new small businesses will start or grow, giving the financial market a boost in revenue. Helping the minority small business owner is beneficial for all lending institutions, communities, states and the federal government, because it all boils down to helping the bottom line of the American economy.

Based in Costa Mesa, Calif.,, America’s largest online small business lending engine, has become a commercial marketplace for businesses seeking venture capital and angel investors, small business loans, equipment leasing, business insurance and commercial mortgage loans in real time. Formed in 1999, utilizes advanced search engine technology, a do-it-yourself professional online digital loan package builder, and numerous other online tools for communication and connecting with more than 250 lenders nationwide for closing loans faster. The whole process, when compared to manually preparing separate loan packages and finding the right lenders, eliminates about two-thirds of the time and cuts 90% of the cost involved.

Your Banner Ad Here instead - Showing along with ALL Articles covering Franchise/Biz Opportunity Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Global Entertainment Services, Inc.


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+]

# # #
Franchise Biz Opportunity - is very welcome to link this article from their website as well as all previous ones and name PRZOOM - PRTODAY / NewswireToday as one of their sources. is one of those numerous websites caught using others content without offering link back to the original source. Google™ should take necessary action and remove from Google™ News.

  Your Banner Ad showing on ALL
Franchise/Biz Opportunity articles,
CATCH Visitors via Your Competitors Announcements!

Minority Small Business Owners Struggle to Find Financing

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Publisher Contact: Kathryn Johnson - 
949-265-5767 kjohnson[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Global Entertainment Services, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Franchise/Biz Opportunity via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Global Entertainment Services, Inc. / Company Profile

Read Franchise/Biz Opportunity Most Recent Related Newswires:

Trustwave Bolsters Detection & Response with New Proactive Threat Hunting Service
Trustwave Named a Challenger in 2017 Gartner Magic Quadrant for Managed Security Service Providers, Worldwide
Minnesota Company Begins Nationwide Franchising Effort
Israel’s Leading Business Promotion Group to Visit India in July
GE Capital Provides Serazen with Financing to Acquire 50 Hardee’s Units
GE Capital Provides Financing to Boston-Area Domino’s Franchisee
New Japanese Service FranchiseMeets Named and Quoted in FIM Keynote Address
Nashville Investors Acquire the Master Franchise Rights to a Fast Growing Home Care Company
GE Capital Finances Acquisition of 26 Denny’s Restaurants
GE Capital Finances Expansion of Planet Fitness Franchisee PF Growth Partners
GE Capital Lends $45 Million to Largest McAlister’s® Deli Franchisee The Saxton Group
Jantize America Expands into Lehigh Valley, Pennsylvania
FranVest Management EB-5 Direct Investment Managed Franchise Program Provides Proof of Concept
GE Capital Provides Financing to Houston Popeyes Franchisee Z&H Foods
GE Capital Provides $37.5 Million Credit Facility to Specialty’s Café & Bakery

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  RightITnow Ltd

Visit  La Bella Bakery Artisan Bakery Arizona

  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (