Minority-owned businesses struggled the most to access credit during the pandemic, a Fed survey found.
The survey, which was conducted in September and October — after the first two rounds of the Paycheck Protection Program had closed to new applicants and before Congress had finalized a nearly $900 billion aid package — showed many small businesses worried they would not survive without government help.
Outcomes varied widely by race and ethnicity. Some 54% of white-owned firms described their financial condition as"fair" or"poor." But that share rose to 79% for Asian-owned businesses, to 77% for Black-owned firms and to 66% for Hispanic-owned businesses.16 online directories featuring Black-owned businesses that will make socially conscious holiday-shopping easier than ever
Let’s blame this on TRUMP along with everything else that is going wrong. TRUMP 🇺🇸
Why are they concerned?....you should probably elaborate on the facts instead of making a clickbait article. Do they, themselves have bad credit (due to bad business practices)? Do they think banks/lenders are racist? Why are they more concerned than Anglo business owners?