AZ Biz News Minority Entrepreneurs Still Face Discrimination Applying For Business Loans

It's not easy getting a small-business loan these days. It's even harder if you are a minority entrepreneur.
New research reveals that non-whites are treated much differently than their white counterparts when looking for a business loan. This happens even when all other variables are identical.
The study, conducted by Utah State University, Brigham Young University and Rutgers University, featured nine businessmen—three white, three black, and three Hispanic. They visited numerous banks seeking a $60,000 loan to expand the very same business. Each applicant had similar size and stature, clothing, education levels and financial profiles.  

Categories: Business Life

Director: Arizona Small Business Association