Preserving the Social Fabric: Southern CDFIs
A new survey is shining a harsh spotlight on the urgent need for non-predatory financial services in the South. A recent Gallup poll found minority-owned businesses face tougher challenges obtaining loans. The study, commissioned by Wells Fargo, found that 77 percent of black business owners use their own personal cash to finance their businesses, and 47 percent of black-owned businesses are...
