The BOSS Network Blog

Hi Bosses, I hope you all are coping as best you can, during this pandemic. I can't believe this is our new normal but I know it is nothing we can't handle.  We are in our 10th year as a community and although our plans have changed, we are still encouraged to grow.  Here at The BOSS Network, we pride ourselves on being a resource for women of color. I look forward to the day, we can come back together as a community and celebrate what we have overcome.  We know securing business funding, has been a pain for many entrepreneurs, so I compiled this list of grants and resources for you. If you have other financial resources, leave a link in the comments below.  Please apply ASAP and share it with as many people, as you can. Stay encouraged! Grants Available Now (Over $200,000.00) Click Links  Stacy's Rise Project Grant LISC Small Business Relief Grants   iFundWomen COVID-19 Relief Grants 10 Small Business Grants and Financial Re...

A few weeks ago, my sister posted one of the funniest Facebook status updates I’ve read in a long time. She said: “I followed this rainbow for my pot of gold and it took me to work! Hmmm!” Do you need capital to startup a business or expand your existing business? Where will you get the money? The days of zero-down loans are pretty much gone, and if you’re thinking of getting a grant to start a business or expand, you’re out of touch with reality. Most grant programs require matching funds and they’re rarely geared to for-profit businesses anyway. So where does this leave you? First look within. Whatever your capital needs, you should expect to put on the table a minimum 20% of what is needed from your own pocket before asking family and friends for their loot to go into business for yourself. It should be no surprise to learn that about 60 percent of small business financing comes from commercial banks. It also should be no surprise that today’s lending standards are much t...