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Minority-owned businesses continue to grow, but access to funding often lags behind. The Federal Reserve Banks’ Small Business Credit Survey reveals that fewer than 35% of Black, Asian, and Hispanic business owners secured the full amount of funding they applied for, compared to over half of white business owners. This highlights the importance of grants […]

Minority-owned businesses continue to grow, but access to funding hasn’t kept pace. The Federal Reserve Banks’ Small Business Credit Survey indicates that fewer than 35% of Black, Asian, and Hispanic business owners secured the full amount of funding they applied for, compared with more than half of white business owners. This highlights the importance of […]