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Subcontract Project Management Associate, GHSCO

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Women And Minorities Less Likely To Get Small Business Administration Loans, Study Says


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The life blood of many small businesses is access to capital. Since 2017, the Small Business Administration (SBA) has distributed $658.8 million in SBA 7(A) loans in Arkansas, with few of those going to women and minorities.
According to a study by the Winthrop Rockefeller Foundation and Winrock International, most of the loans were provided to businesses owned by whites and men, and nearly 77% of the loans were given to businesses owned by whites. Only 8% were given to businesses owned by primarily women.
At least $505 million (76.6%) was loaned to whites, while asian and pacific islander owners received $122 million (18.6%). Native American owners received $11.2 million (1.7%), Hispanic owners received $10.3 million (1.6%) while blacks received $9.9 million (1.5%), the study revealed. ....

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