8 MILLION APPROVED

That is the number of businesses that have been approved for PPP Loans.  

Don’t miss out on this opportunity, as the SBA is currently offering PPP loans until May 31, 2021. The loan is available for small businesses that did not receive it in the first round, as well as companies in need of an additional financial boost.

Last week the SBA COVID Relief Program Report showed “the current round of PPP had approved 3.8M loans for $219.2B volume”. Be sure to follow TLE on all social media platforms and sign up for the Learning Community to get the latest information for funding your business.  

There is still money to help entrepreneurs regain their footing. We encourage you to take the following steps: 

1. Contact your lender 
2. Use a community financial institution 
3. Build your case 
4. Leverage your business network
5. Ask for help
6. Apply to multiple loans

The Black Entrepreneur Initiative Partners with Hustle Mommies to Offer Free Entrepreneur Learning to 75k Moms Nationwide

Hustle Mommies and The Lonely Entrepreneur (TLE), a New York-based non-profit that empowers individuals with entrepreneurial skills and support, have partnered to give Black Mom entrepreneurs free access to the knowledge, tools and the ongoing support they need to start or grow a business. Through the partnership, Hustle Mommies will be able to provide an unlimited number of Momprenuers nationwide with one-year free access to the Lonely Entrepreneur Learning Community – a one-stop-shop platform that provides entrepreneurs with the knowledge, tools and ongoing support they need.

This partnership is the latest for TLE’s Black Entrepreneur Initiative (BEI), which seeks to empower 100,000 current and aspiring Black entrepreneurs across the country. Entrepreneurs can sign up today through Friday, April 16th, at www.lonelyentrepreneur.com/hm

“With the onset of COVID19, mothers around the country have been faced with unprecedented obstacles. Black mothers face two of the most lethal preexisting conditions for coronavirus—racism and economic inequality,” said Michael Dermer, Founder of The Lonely Entrepreneur. “We want to thank the Ariel Rainey, the CEO & Founder of Hustle Mommies for giving Moms in underserved communities an opportunity to be empowered.”

“We’re excited to partner with The Lonely Entrepreneur & the Black Entrepreneur Initiative to provide mothers that are under resourced, the skills and support they need to get to the next level in business,” said Hustle Mommies CEO & Founder, Ariel Rainey.

For more information on The Lonely Entrepreneur and its Black Entrepreneur Initiative, or to become a sponsor or ambassador, please visit www.lonelyentrepreneur.com/bei 

About Hustle Mommies

Hustle Mommies is a nonprofit organization and movement that is dedicated to empowering urban, inner city moms by providing resources to help them lead in their homes and their communities. The organization works with moms by providing them with programs and opportunities focused on three core areas which are emotional wellness, effective parenting, and career/entrepreneurial development. Hustle Mommies have received recognition from Mayor Aja Brown and the City of Compton, the Obama Foundation, President Eric Adams and the Brooklyn Borough Office as well as the WNBA Chicago Sky team.

About the Black Entrepreneur Initiative

Founded by a multi-racial coalition of community and business leaders, the Black Entrepreneur Initiative is a nationwide program dedicated to offering 100,000 Black entrepreneurs’ access to foundational business –skill building tools and resources via The Lonely Entrepreneur Learning Community. The Black Entrepreneur Initiative is provided through the generous donations of corporate, philanthropic and community partners and is administered through the Lonely Entrepreneur’s non-profit. For more, please visit https://lonelyentrepreneur.com/bei. 

About The Lonely Entrepreneur 501(c)(3)

The Lonely Entrepreneur seeks to unlock the potential of 1 million entrepreneurs worldwide. The Lonely Entrepreneur empowers entrepreneurs and provides corporate, non-profit, social responsibility and community efforts to provide individuals the opportunity to acquire entrepreneurial skills and have a better chance of bringing their visions to life. For more, please visit https://lonelyentrepreneur.com/nonprofit