Access to Working Capital Is the Top Priority For Minority-Owned Businesses


Hana Dickman

Author : Carolyn M. Brown

Access to seed money and working capital is still a major challenge for minority-owned businesses.

For new businesses, especially those that are minority-owned, having access to working capital—which is used to keep operations going and to pay bills—could mean the difference between the success and failure of that business.

Growing a business and accessing working capital are major concerns for most business owners, reports the inaugural American Express OPEN Small Business Growth Pulse. A large majority, 72%, of small business owners are prioritizing growth, according to the survey of 1,000 small businesses with $250,000 or more in annual revenues.

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