Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital
Fundera
JULY 22, 2020
BIPOC Receive Less Business Financing, Less Often, and at Higher Rates : According to the Federal Reserve, 80.2% of white business owners receive at least a percentage of the funding they request from a bank, compared to 66.4% of BIPOC (Black, indigenous, or person of color) business owners. for Asian business owners, 32.1%
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