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Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital

Fundera

These results indicate that discrimination, not differences in credit score or location, is the source of this racial disparity. . The authors of the paper describe an audit study conducted in 2014 in which “minority” and white testers, seeking bank loans, were matched on all characteristics except for race.

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How Will the Impending Credit Changes Affect Your Score?

Fundera

This is why it’s important for business owners to stay abreast of how their personal credit score can affect their ability to get credit for the purposes of funding their business’ operating costs. Fortunately, some changes coming down the pipeline could positively affect millions of Americans’ credit scores.