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Alternatives to business grants include business loans, business credit cards and crowdfunding Minority-owned businesses make up about half of all the new businesses created in the last decade .
Targeted grants and loans designed to aid minority-owned businesses are offered throughout the year. Minority-owned businesses can find information about local MBDA Business Centers at MBDA.gov ...
About 17.6 percent of Black business owners turn to personal credit to fund their new businesses, compared to 10.3 percent of White non-immigrant startup owners.
Black entrepreneurs start their businesses with an average of $35,000 of capital. White entrepreneurs start their businesses with an average of $107,000 of capital. ... Business loans and lines of ...
Finance your small business with loans, ... Minimum time in business: 2 years. A good place to start is with the bank where you keep your business bank account. Some banks require you to have a ...
These business incubators often approach business creation with different methodologies, with two of them being "scaling up" and "scaling deep". A study [11] looked at the results of two minority-focused startup incubators in Detroit, one with the "scaling up" methodology and the other focused on "scaling deep" instead. An examination of the ...
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