Heard on the Street: trends threatening small business borrowers, and new programs for entrepreneurs and homeowners

By December 9, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

‘Buyer Beware’ Is No Way To Fund A Small Business: Opportunity Fund’s Luz Urrutia discusses two trends that threaten the nation’s small businesses, particularly the underrepresented women, minorities, veterans and immigrants for whom entrepreneurship represents both a chance at personal achievement and a way to climb the economic ladder.

LISC, Ally Financial launch program to spur economic opportunity for micro-entrepreneurs, homeowners: A new $3 million program will fuel entrepreneurship and homeownership, focusing particularly on people who might not otherwise have access to the capital and support they need to succeed. The new program will fund a bundled set of financial and business coaching services for an estimated 4,400 people in Charlotte, Detroit, Jacksonville, Fla., and Philadelphia.

Mayor Lightfoot and CTA launch “CTA building small businesses program”: Chicago recently announced the launch of its “CTA Building Small Businesses Program,” a new, innovative program designed to increase small business participation in RPM and other large-scale construction projects by ensuring local entrepreneurs have the financial guidance, support and resources to bid on City contracts.

The Overlooked Undocumented Immigrants: From India, China, Brazil: President Trump has focused on blocking unauthorized crossings on the Southern border. But nearly half of those who are in the country unlawfully actually entered with permission.