Industry News - December 18, 2018
December 18, 2018
Businesses run by women and people of color receive a sliver of the funding that those run by white men do. A new report from Morgan Stanley puts a finer point on why: Investors are biased.
Are merchant cash advances salvation for small businesses or payday lending by another name? As lawsuits and defaults pile up, there are growing questions about what this industry actually is.
Source: Yahoo Finance
As interest rates rise, access to capital is increasingly restricted for the small businesses that make up the core of the American economy.
Source: The Washington Times
Approvals of loan applications from small business owners reached (26.9%) at big banks, while small banks granted over 50% of the small business funding requests they received in November 2018.
Entrepreneurship among women of color has grown 163% in eleven years, yet a funding gap persists for women and minority-owned businesses. Learn what banks can do to diversify small business lending.