SoftBank is rolling out a $100 million loan fund targeted exclusively at minority-led startups, in the latest move by a big corporate player to address racial inequities in the United States amid coast-to-coast protests over police brutality. In a widely-reported letter to employees, Marcelo Claure,...
Facebook COO Sheryl Sandberg announced Thursday (May 21) that the social media giant would be awarding $20 million to U.S. businesses owned by minorities, women and veterans, according to CNBC. The giveaway is based on those groups often taking the worst brunt in crises like...
The digitization and automation of small business lending has led to some undeniable benefits for entrepreneurs today. Small- to medium-sized businesses (SMBs) can gain from faster application times and the convenience of no longer having to visit a physical bank branch with loads of paperwork...
Women, minorities and veterans have grabbed JPMorgan Chase & Co.’s attention. Especially individuals in those groups with small businesses, which is a vastly growing sector. JPMorgan Chase announced that over the next there years, it will commit $75 million to increase available funding for women,...
June 11, 2020
San Jose-based PayPal Holdings said it is making a $530 million commitment to support black- and minority-owned businesses and communities. The move comes in the wake of the deadly COVID-19 pandemic and the outpouring of protests worldwide following the killing of George Floyd in Minneapolis. PayPal said in a release that “as part of its investment, […]
June 03, 2020
SoftBank is rolling out a $100 million loan fund targeted exclusively at minority-led startups, in the latest move by a big corporate player to address racial inequities in the United...
May 22, 2020
Facebook COO Sheryl Sandberg announced Thursday (May 21) that the social media giant would be awarding $20 million to U.S. businesses owned by minorities, women and veterans, according to CNBC....
