LOANS FOR MINORITY WOMEN ENTREPRENEURS:

The importance of loans for minority women entrepreneurs

If you are a woman and you have a business, surely you have faced many difficulties to undertake. One of the biggest challenges is getting credit. And if you're a minority business Woman, things get even more complicated.However, women entrepreneurs  should not face so many challenges.According to American Express, there were about 13 million women-owned businesses in the United States in 2019 . Additionally, 50% of those businesses were minority owned.These figures show the enormous importance for the economy of women entrepreneurs from minority groups. In addition, they play a leading role in fighting unemployment in underserved communities.As more minority women entrepreneurs open new businesses, the economy becomes increasingly dependent on the hard work of these women entrepreneurs.