Minority businesses, particularly Black-owned small businesses, have been the hardest hit by the economic impacts of COVID. This comes atop a stark, historical disadvantage. On average, minorities have less access to start-up capital, are less likely to receive loans, and when they do, they typically get lower dollar amounts and pay higher interest rates.
What can be done to help solve the huge funding gap facing Black and other minority small businesses, especially start-ups?
In this Fundbox podcast, our guest is Henry Childs, II: the world’s #1 minority business strategist. CEO of the Minority Wealth Commission, and a former National Director of the U.S. Department of Commerce’s Minority Business Development Agency (MBDA), Henry Childs is an expert in Black wealth, and a champion in the fight for financing the minority economy.