Empowering Small Businesses: LISC, Kevin Hart’s Gran Coramino, and Minority Business Grants

On this episode of Paychex THRIVE, a Business Podcast, host Gene Marks is talking with the National Director of the Local Initiatives Support Corporation (LISC) and the VP of Small Business and Economic Development Lending, Steve Hall, about grant programs and business financing. Hear what Steve had to say about the grant program with Kevin Hart’s tequila company Gran Coramino, what businesses need to know about financing in today’s economy, how to prepare when applying for grants, improving your eligibility, and much more.

Topics Include:

00:00 – Welcome, Steve Hall
01:11 – Introduction to LISC
02:47 – About the small business division
04:46 – Loans from the LISC
08:47 – Grant program with Kevin Hart
10:49 – Grant qualifications
13:22 – Improving eligibility
14:45 – What is needed for grant application
18:10 – The importance of budgets
21:35 – Customer challenges
23:33 – What education businesses need
28:18 – Offering below market rates
32:47 – Wrap Up

Learn more about finding the right financing for your business at www.paychex.com/worx/podcasts/business/business-financing-predictions.

DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.