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 government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.
GovLoans is a website created by the United States Federal Government that is designed to serve as the public's gateway to loan program information. One of the several kinds of loans that are featured in the GovLoans website are Disaster Relief loans.