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39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion.
Among those goals, the big-box retailer had committed to adding products from more than 500 Black-owned brands to its shelves or website and spending $2 billion with Black-owned businesses by 2025.
Women-owned businesses, veterans, and LGBTQ+ business owners have also historically lacked support and funding opportunities. That’s why the Small Business Association sets aside federal ...
The Fearless Fund, which provides early-stage funding for businesses owned by women of color, is asking a three-judge panel in a U.S. federal court of appeals to lift an injunction against one of ...
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 ...
A venture capital fund on Wednesday urged a U.S. appeals court to allow it to resume a grant program that awards funding to businesses run by Black women and reject an anti-affirmative action ...
Some Black female entrepreneurs are stepping up to help other women launch their businesses — and hope their leadership spawns more private- and public-sector aid.
A U.S. federal appeals court has granted a conservative group’s request to temporarily block a Black-owned venture capitalist firm from awarding grants exclusively to Black women entrepreneurs.
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