Financial Support For Black-Owned Businesses
Written by Black Hot Fire Network on March 3, 2024
supersizer/ Getty Images; Illustration by Austin Courregé/Bankrate
Key takeaways
- Black-owned businesses in the U.S. employ more than 1 million Americans.
- Studies show that Black entrepreneurs face more challenges than their white counterparts to secure the capital they need. This is true, even if they have a stronger credit profile.
