Exclusive: Black business owners’ access to capital is still a struggle

Black entrepreneurs remain far more likely to struggle with access to financing and safe lending, according to survey data set to be released this week from Goldman Sachs.

The data, first shared here, shows that Black small businesses report facing much greater obstacles to typical funding streams. About 86% of Black small business owners are “concerned” with access to capital compared to 77% overall, according to the survey from Goldman Sachs’ 10,000 Small Business Voices conducted in January.