SBA Lending Doubles for Black Owned Businesses #shorts #smallbusinessloans

SBA Lending Surges for Black, Latino, and Women Entrepreneurs

This video highlights the significant increase in SBA lending to Black-owned, Latino-owned, and women-owned businesses.

SBA loans have more than doubled for Black and Latino entrepreneurs since 2019.

Similarly, women entrepreneurs have seen a notable rise in approved SBA loans, with numbers jumping from 10,000 in 2019 to 15,000 recently.

The video discusses the overall trend, pointing out that while these three groups stand out, there’s a general increase across other races as well.

00:00 Introduction to SBA Lending Uptick
00:10 Growth in Black-Owned Business Loans
00:26 Increase in Latino-Owned Business Loans
00:30 Trends Across Other Races
00:39 Rise in Women Entrepreneurs
00:51 Notable Outlier in 2021

source

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