Access to capital — that’s the number one hurdle for Black-owned businesses. Now, a new partnership between the United States Black Chamber, Inc. (USBC) and Lendistry may be just the tool to help underserved entrepreneurs.

This new initiative, a lending portal, will give minority, women, and veteran-owned small businesses access to capital “specifically crafted to meet their distinct needs and goals.”

“We know that in our communities, typically, we don’t have financial institutions,” Ron Busby Sr., president and CEO of USBC, says. “That’s why this platform is so wonderful because now you can use this portal, regardless of where you are in the country, to apply for the funds you need.”

Founded in 2009, the USBC is an advocacy nonprofit supporting African American Chambers of Commerce and business organizations nationwide. It focuses on economic empowerment and developing and growing Black-owned businesses. 

Read More

Leave a comment