Among the largest African-American owned and operated media corporations in the United States, Radio One was started by Catherine L. Hughes in 1980. Key to her sucessful start was a SBA-guaranteed 7(a) loan for $600,000 in 1980.
Radio One owns and/or operates 53 radio stations located in 16 urban markets in the United States. Radio One received investments totaling $9.5 million from SBA-licensed SBICs in the late 1990s.
Many of the SBA programs offering Small Business Grants, Loan Programs and Counseling Programs for women are offered through state agencies.
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
The United States Small Business Administration, otherwise known as SBA, is a United States government agency that was established on the 30th day of July, 1953.