Black businesses get fewer loan opportunities, study shows

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

In 2019, only 3% of the $23.2 billion in loans from the SBA went to Black businesses

There has been an 84% national decline in lending money to Black-owned businesses since 2007 under the Small Business Administration’s small business lending program.

Read More: Black-owned businesses see sales boost from Blackout Day

In Sacramento, white businesses have received more money for their businesses than all Black businesses nationally from the SBA program, Census data showed.

According to the Sacramento Business Journal, a majority-Black census shows that Black businesses nationally received $157.58 per capita in business loans compared to majority-white businesses which received $304.59 per capita locally in Sacramento alone.

Business owners in white neighborhoods like Galt, Antelope, and North Highlands received $254.67 per capita, whereas people-of-color neighborhoods like parts of Elk Grove, Meadowview and North Sacramento, some of the largest majority person-of-color neighborhoods, received $153.72 per capita.

Isn’t it ironic that people will raise MILLIONS to find crazy ways to get #Blackpeople to #vote (ie. “Get yo booty to the poll”) but won’t use any of that…


Leave a Reply


Sign up for our Daily News Briefing

Get daily news delivered to your inbox. 

Build for us, by us...

Social Community

Breaking News

Business Directory



Forge Your Kingdom...

Community is Everything: Build a tribe of inspiring friends. Build a community, of like-minds, who will give you the strength to act on your ideas and inspire you to be the best version of you.


Connect, Share, & Grow! Share your stories!

Mobile Friendly

Access the community from any device.

Buy Black

Thousands of minority-owned businesses at your fingertips.