ONLY 1.7% OF SBA LOANS WENT TO BLACK ENTREPRENEURS IN 2013

March 24, 2014   // 0 Comments

BlackNews.com Nationwide (BlackNews.com) -- In 2013, U.S. banks and financial institutions made $382.5 million in Small Business Administration (SBA) loans to black-owned businesses. This may initially seem like a good deal of money, until you compare it to the aggregate amount of loans made.  According to the Wall Street Journal, the amount of loans that black borrowers received was only 1.7 p...

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