Bank CEO Has This Tip For Black Business Owners Who Need Capital

Written by on March 27, 2024

Don’t overlook community financial institutions, says Michael Pugh of Carver Federal Savings Bank.

With interest rates at a 22-year high, Michael Pugh says Black business owners crunched for cash should look to community-based financial institutions for help.

“Learn more about them; we have a very different scope [regarding loan arrangements],” Pugh, the CEO of



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