Black-owned businesses faced the highest loan rejection rate of any racial or ethnic group in 2024, with 39% of applications being denied, while white-owned businesses only faced an 18% rejection rate.
Tag: Ben Crump
Posted inBusiness, Finance, Homepage, National
Black Economic Alliance Foundation Joins Fearless Fund in Fighting Lawsuit
Founded in 2019 by three Black women, Fearless Fund has championed economic empowerment and opportunity for women of color. Their flagship initiative, the Fearless Strivers Grant Contest, has provided substantial financial support to Black women entrepreneurs, with awards reaching up to $20,000. However, Blum’s American Alliance for Equal Rights contends that this program violates a section of the Civil Rights Act of 1866, which prohibits racial discrimination in contracts.
Posted inBusiness
Black Economic Alliance Foundation Joins Fearless Fund in Fighting Lawsuit
By Stacy M. BrownNNPA Newswire Senior National Correspondent@StacyBrownMedia The Black Economic Alliance (BEA) Foundation, a leading organization mobilizing Black business leaders and advocates, announced the submission of an amicus brief […]