Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital
Fundera
JULY 22, 2020
In the paper “Impacts of Owner Race and Geographic Context on Access to Small-Business Financing,” researchers note that, “Over the time frame covered by 2003 SSBF data, the average loan size was $89,833 (white-owned firms) and $53,843 for minorities among firms with annual sales under $500,000. Enforce the Equal Credit Opportunity Act.
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