Despite the prevalent wealth and credit gap between African-Americans and their white counterparts, the news isn’t all bleak. The SBA has several offerings that can help expand access to capital for minorities.
After years of increasing the number of occupations subject to licensing and permit requirements, states are starting to dial back.
Source: Governing States and Localities
This resource contains contact information for 492 community development financial institutions (CDFIs) located in the continental United States, Alaska, Guam, Hawaii and Puerto Rico. Download it today!
Source: Richmond Federal Reserve
A survey was conducted by Balboa Capital revealed that simple application processes, quick decisions and funding, and flexible payment schedules were the primary reasons small businesses borrow from non-bank lenders.
Source: The American Reporter
hemp businesses normally have difficulty locating banks or other entities that would permit them to conduct normal merchant banking activities—but that may change as new regulations develop.
Source: The National Law Review