Black Business Loans Up to $100,000 Or More With This New Resource
Style Magazine Newswire | 2/23/2018, 12:27 p.m.
Black- and women-owned businesses are among the fastest-growing segment in the small business sector. But those firms still often can’t get the financing or resources they need to start up or expand their operations. Research also reveals that black-owned firms are less likely to receive loans, receive lower loan amounts and pay higher interest rates than non-black firms. But the national advocacy group Small Business Majority hopes to make accessing capital easier for those firms by leading Venturize into its next phase. Venturize is a public effort launched in 2016 to help small business owners make better decisions when pursuing financing. The new resource portal will be able to connect with a network of educational organizations, business groups, and responsible lenders that can help them grow. Venturize will help connect African American entrepreneurs and others obtain financing from lenders who are committed to helping underserved communities succeed.