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?
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.
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.
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…)
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.