New survey shows high loan denial rates for Black-owned businesses
New analysis from LendingTree shows that 39 percent of Black-owned businesses were denied a loan, line of credit or merchant cash advance in 2024, the highest rate of loan denials by race. NBC News' Vicky Nguyen reports on the struggles of minority business owners, interviewing a young chef who has been attempting to get a loan for several years.
New analysis from LendingTree shows that 39 percent of Black-owned businesses were denied a loan, line of credit or merchant cash advance in 2024, the highest rate of loan denials by race. NBC News' Vicky Nguyen reports on the struggles of minority business owners, interviewing a young chef who has been attempting to get a loan for several years.
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