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Top industries for women-owned businesses. 2023 loan approvals % of loan approvals. Other services. 5,366. ... and 504 loans for minority small business owners and women fall short in most categories.
Bankrate insight. Between the SBA 504 and 7(a) programs in the 2023 fiscal year, 13,056 were approved for women-owned businesses of 50 percent or more, compared to the 42,409 approved men-owned ...
As part of its weekly lending report, the SBA shared that in the 2023 fiscal year (which ended on September 30), Hispanic small business applicants got 8.5 percent of all distributed 7(a) loan ...
Bankrate insight. Minority business owners are just one group that continues to face an uphill battle for equal access to capital. Women-owned businesses, veterans, and LGBTQ+ business owners have ...
Small Business Administration loans are term loans or lines of credit partially guaranteed by the U.S. government. These loans have requirements and maximum interest rates set by the SBA. They ...
Bankrate insight. As of March 27, 2024, over $12.9 billion in 7(a) loans and over $3 billion in 504 loans have been approved so far. Of those approvals, 16.1 percent of 7(a) applications and 15.9 ...