Episode 35 · Published May 01, 2020
This is a demand shutdown in the economy that's affecting all businesses….If you're a small business, your access to capital in some cases can be limited, [so] that's why getting resources to these small businesses that employ so many is so, so important.
For David Solomon and Goldman Sachs, helping small enterprises navigate the crisis requires access—to expertise, education, and capital. The firm continues its 10,000 Small Businesses program and has pledged more than half a billion dollars to support community lenders.
These days, Solomon’s particularly focused on creating outcomes that are sustainable and equitable: “Whenever you go through a crisis,” he tells Mike, “disadvantages are amplified. We continue to try to find ways that we can make sure that resources, including capital and business allocation, are directed to women-led businesses.”