Study: Racial Biases Continue to Impact Loan Approvals for Minority Business Owners
Written by Black Hot Fire Network on January 9, 2024
It has been a struggle for minority business owners to obtain access to capital. As data from the Federal Reserve System shows, more white applicants (35 percent) get all of the financing they apply for compared to Hispanic (19 percent), Black (16 percent) and Asian (15 percent) business . . .
