Minority Business Development Agency
News One
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Written by R. Donahue Peebles, chairman of the board of directors of the Congressional Black Caucus Foundation
Lack of capital is one of the primary reasons that small businesses flounder. For new businesses, working capital bridges the gap to keep operations running smoothly and the bills paid on time. For established businesses, capital is a lifeline for expansion, allowing businesses to hire new employees, open new stores, and upgrade technology and equipment.