For Black Business Month, Black Enterprise has compiled a list of financial resources that will help Black entrepreneurs.
Black-owned businesses have been thriving this year. Whether it’s retail, hair and beauty, food, or liquor, there are more Black entrepreneurs than ever, and many are becoming successful businessmen and women.
Despite the news, many Black entrepreneurs struggle to find seed money, bank loans, expansion funds, and credit. According to Forbes, 46% of Black business owners say they’ve faced issues accessing capital, among other challenges; 39% do not feel adequately informed about how to apply for money; 38% don’t have a relationship with a lender or bank; and 21% don’t know where to apply for capital.
For Black Business Month, BLACK ENTERPRISE has compiled a list of financial resources for Black entrepreneurs.
Derek Major’s article “Peep This List of Financial Resources for Black Business Owners and Entrepreneurs” offers a comprehensive overview of funding opportunities and resources designed to support Black business owners and entrepreneurs in their journey.
To explore the full list of resources, you can read Derek Major’s article on Black Enterprise.