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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.

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A message brought to you by The Coalition to Project American Jobs

Amid record inflation and high interest rates, employers need less uncertainty and more security. Ensuring the IRS processes ERC claims is a crucial step forward to help small businesses thrive and overcome lingering impacts brought on by the pandemic. Learn more.

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