Sources of Capital

61% of BIPOC loan recipients say they have used no additional source of capital in the last 18 months, compared to 25% of non-BIPOC.

For those who used a source of capital, BIPOC loan recipients primarily used a bank loan (19%), compared to non-BIPOC who report SBA loans (33%) as their primary source of capital.

A higher proportion of female (45%) loan recipients have used an additional source of capital than men (37%).

We found no strong differences between states.

Sources of Capital

Q: In the past 18 months, have you used any of the following sources of capital for your business? Please check all that apply: (n = 163), Multiple select