What’s your favorite minority-owned business? Can you think of more than one that’s opened in the past few years? If so, there’s a reason for it: According to the U.S. Small Business Administration (SBA), entrepreneurship within minority groups is increasing.
But it’s not all sunshine and rainbows, unfortunately. Access to capital isn’t as easy for these entrepreneurs, including securing financing and keeping businesses open. Luckily, excellent resources for black and minority business owners are available to really help you get off the ground. And, just like black business ownership, they’re also increasing.