top of page

Commentary: Black entrepreneurs have an opportunity to raise capital, without using credit system

Entrepreneur, Marshawn Govan, says WeFunder has been an easier tool to raise capital for his business model

ONME Business Profiles

FRESNO, CA—As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic, African-American entrepreneur, Marshawn Govan, developer of Innovative Finance Tax Advance Mobile Payments "Fin-TAMP," created a loan app tailored to the Black and Latino community to revolutionize the tax industry in response to the novel coronavirus pandemic--banks were not lending to people of color who were struggling with access to capital even before the pandemic.

Govan believes he has the best modest investment solution (under $150.00 investment) for budding African-American entrepreneurs and the perfect virtual product solutions for a niche market.

"We are excited to now be raising capital on Wefunder to allow mainstream consumers to invest our company to build the next financial institution which will very soon redefine the tax industry for the better, " said Govan. "A future Equity Agreement (SAFE) gives people the right to future shares in our company."

Govan has raised over $1,800.00 on Wefunder in a short period of time toward his problem-solving virtual tax solution business.

"Our Go-To-Market (GTM) combines mobile payments, tax preparation and tax refund together to make tax refunds more convenient for low and middle income class Americans. As a leading tax preparation technology company, we are always looking forward to growing our share in tax refund bank products."

Find out more about Govan below and his company expansion, thanks to alternative ways of funding his dream.

Download more information about Govan's booming industry:

Download PDF • 317KB

Find out more about this article or this business owner:


Marshawn Govan

866-675-3933 ext 8


More about MKG Enterprises:

MKG Enterprises Corp is a diversified financial service company that provides consumer and commercial loans primarily to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders. Through our platform MKG Enterprises Auto Finance division will be able to finance monthly automobile payments and increase flexible car buying and auto loan options for used automobiles and refinance existing auto loans to consumers with limited access to credit using the mobile loan app.

There is a growing segment of investors that are demanding that their capital be invested for both financial and social return. Economic inequality is rising exponentially. The future success of the US economy will hinge on our ability to invest in housing, healthcare, education, small business, and other vital services to ensure that the people and places that are being left out are able to share in the newly created value.

History: The tax industry is a seasonal business as more consumers rely on using their mobile phone devices nowadays Americans Check Their Phones 8 Billion Times a Day.

Mobile payment apps have been around for years, but companies like Apple, Google, and Samsung have all launched new tap-to-pay services in the 2014-2015 timeframe. "We're seeing a perfect storm of technology in the mobile device, tax industry technology in the open market, and do-it-yourself tax preparation web based and IRS free file applications being put into the retail tax industry environment.

The vast majority of Americans – 95% – now own a cell phone of some kind. The share of Americans that own smart phones is now 77%, up from just 35%

MKG Tax Refund is an alternative banking mobile finance and tax preparation non-recourse lending app accessible to 95% of American who electronically file their taxes.

Our innovative approach has enabled us to leverage our financial products consistently which has consequently elevated us into the fastest growing black owned tax refund FinTech in the US market,” stated Mr. Govan.

Case Studies: Tax-Time Financial Products that African-American Households are 36 percent more likely to use the products than white households.More than 20 million American taxpayers spent at least an estimated half a billion dollars in 2017 on financial products that are based on their anticipated tax refund, according to the National Consumer Law Center. Tax-time financial products, typically offered by banks and made available by providers of tax preparation services, include refund advances and refund anticipation loans (credit products) and refund transfers (deposit product). In fiscal year 2017, the Internal Revenue Service (IRS) processed more than 150 million individual federal income tax returns, and issued almost 120 million refunds totaling almost $383 billion, according to IRS.

Trends in the market for tax-time financial products since 2012 include:

• the decline of refund anticipation loans (short-term loans subject to finance charges and fees),

• the rise in use of refund transfers (temporary bank accounts in which to receive funds), and

• the introduction of refund advances (loans with no fees or finance charges).

1 Comment

Aug 17, 2021

The tablets are called Soma 350 mg and contain the active ingredient carisoprodol. They can ease your lower back and neck pain. Soma tablets can be utilized to relieve short-term muscles pain, particularly in acute neck or lower back pain. It's also referred to as a muscle relaxer.

bottom of page