Category: 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 opportunities for financial empowerment for Hispanic immigrants. With the borough’s diversity comes success for Hispanic businesses, citizens and immigrants. But where do you begin?

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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 a 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 and profitability.

Luckily, there are many options to finance a startup. The first step is writing a business plan, including how much money you expect to need and to generate.
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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 business – and they’re considering it at much younger ages than previous generations.

The Small Business American Dream Gap Report found roughly 3 out of 10 businesses can’t get the funding they need. And without funding, how are aspiring entrepreneurs supposed to get their dream business off the ground?

Alternative Lending When the Bank Says No

Luckily, there are other options for aspiring entrepreneurs lacking the capital to start a business.

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Interest Rate Comparison — Cash Advances vs. Collateral Loans

By: Alexa Eskenazi

When in need of immediate cash, many consumers shoot before they aim and sign off on the first opportunity they see.

There are many options to acquire cash instantly — like a cash advance from your credit card or cash secured by your jewelry — also known as a collateral loan. But the amount of money you ultimately end up paying for that quick cash varies drastically depending on the option you take. (more…)

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NYC Programs to Help Small Business Owners and Aspiring Entrepreneurs

By Luis Gómez

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 services available through New York City and separated the free programs that might be most helpful for aspiring entrepreneurs and small businesses.

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