Between 2007 and 2017, minority-owned small businesses grew by 79%, about 10 times faster than the overall growth rate for U.S. small businesses during the same time frame. However, securing financing still is a challenge for minorities. Check out this article to learn some of the best business grants and financial assistance for minority-owned businesses.
Do you think it’s easy for minority business owners to enjoy the preferential? Or do you think the state is trying to avoid discrimination and help minority business owners by offering benefits to them? Check out this article written by Kyle S. Reyes, to learn about his experiences and opinions towards this.
Minority businesses lead a significant portion of the nation's businesses, but they are still having a much harder time accessing small business loans contrast to their white counterparts. This article shed some light why it’s particularly difficult for minority business owners to obtain small business funding.