Daily Archives: April 18, 2021

Black and Hispanic firms half as likely to get needed financing, Fed study finds

Yahoo News April 15, 2021 Black and Hispanic firms half as likely to get needed financing, Fed study finds (Reuters) – The coronavirus pandemic exacerbated the challenges faced by minority-owned businesses, which experienced higher rates of closures and revenue losses and had more trouble accessing credit than white business owners, according to a report by…

Pandemic-inspired small-business loans expose inequities that must be fixed

“…as the PPP experience demonstrates, a larger share of capital is going to white entrepreneurs and small-business owners, while many of their counterparts of color lack the capital they need to survive and grow. This is not a problem just for those small businesses or the communities they serve; it has a negative impact on…

Small businesses’ confidence they can get funding

Reproduced from Qualtrics for QuickBooks survey: Chart: Axios Visuals