Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital
Fundera
JULY 22, 2020
Banks Subject BIPOC to More Scrutiny Than They Do White Business Owners : One audit study found that in comparison to white applicants, BIPOC applying for bank loans were more often asked to show business financial statements, income tax returns, bank account information, personal financial asset details, and credit card debt. and 9.1%.” .
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