News Formal

Black small business owners more confident about this year than their peers

  • 📰 axios
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Black small-business owners feel more optimistic about this year than their peers, Goldman Sachs' latest 10,000 Small Businesses Voices survey shows.

67% expect their business to create new jobs, compared to 51% overall.45% of Black small-business owners say they've dipped into their personal savings over the past three months in order to keep their business afloat — compared to 33% of the overall small business population surveyed.37% of Black small-business owners also say they've found it difficult to access new capital and financing versus 23% overall.

In January of 2022, 32% of Black business owners were not confident in their ability to access capital, compared with 19% not confident overall.“Access to capital is a challenge for us.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pike Place Market invites people to celebrate Black History Month at Black-owned businessesAt Lands of Origins, Chef Meeraf Mamo creates Ethiopian-inspired desserts, lentils, and spice kits.
Source: KIRO7Seattle - 🏆 271. / 63 Read more »