Report finds race, gender affect financing for small businesses

04/30/2013 | Bloomberg Businessweek

Black and Hispanic entrepreneurs tend to rely more heavily on their own money when launching their businesses than white entrepreneurs do, and they are less likely to seek loans and to get funding if they do apply, finds a Kauffman Foundation research paper commissioned by the Small Business Administration. The research also found that women entrepreneurs apply for fewer loans than men, but approval rates are similar for both genders.

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