View SBA New Report Examines Differences in Financing Trends Among Minority Entrepreneurs

The Office of Advocacy released a new study that examines racial and ethnic differences in financing patterns, access to capital, and credit market experiences among U.S. employer firms. “Financing Patterns and Credit Market Experiences: A Comparison by Race and Ethnicity of U.S. Employer Firms” by Alicia Robb sheds light on the ongoing financing challenges facing minority entrepreneurs nearly a decade after the financial crisis. Using data from the U.S. Census Bureau’s 2014 Annual Survey of Entrepreneurs (ASE), the report highlights differences in financing amounts, financing sources, unmet credit needs, avoidance of financing, and the impact of financing on firm profitability and closure across ethnic and racial demographics.