Economic Development
Economic Development
Federal Reserve Bank of Atlanta
Closing the Gap: Improving Minority-Owned Small Firms' Access to Credit
1 seconds Posted May 10, 2012 at 5:00 am.
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Small minority businesses typically pay higher interest rates and receive smaller loans than nonminority-owned firms of similar age and size. Tim Bates, professor of economics at Wayne State University, explores ideas to increase access to capital so minority companies can create jobs and expand.