Portraits | Tereze

Tereze (whose name means “harvester” or “gatherer”) was inspired by a series of articles I wrote in June 2020 at the beginning of the pandemic. The 5-part series was meant to help small businesses find mentors and resources to survive and reinvent. In the 4th article, I explored how while minority-owned businesses dug us out of the last recession, adding more than a million jobs to the economy between 2007 and 2012 and increasing the number of businesses with paid jobs at a rate many times that of white-owned firms, they received far fewer loans and at a much higher interest rate. At the time I wrote the article, of those that requested Coronavirus relief funding from the SBA Administered Paycheck Protection Program, just 12% received the full assistance they requested, with two-thirds reporting they received nothing.

There’s a lot of work to do to close these gaps and reform long-standing systemic and societal biases that continue to fuel this disparity. Click through for a handful of helpful resources.

FREE small business mentors | Part 4: minority-owned business resources

Minority-owned businesses dug us out of the last recession. Here’s how mentors are helping them survive and grow through this one.