Author: minoritybank


Based on a calculated analysis by Creative Investment Research, the SBA’s 7(a) Loan Program, the agency’s main and most common lending program, is projected to lend Black firms and businesses $1 billion this year, a whopping jump from $599 million in 2017. The Washington, D.C.-based firm figured 7.76% of SBA loans were issued to Black […]

Black Entrepreneurs and SBA Lending

A groundbreaking new study reveals a remarkable increase in SBA 7(a) loans, both in count and total value, to Black or African American entrepreneurs from 2017 to 2023. The data underlines significant strides in fostering greater small business lending equity. We predict 7(a) lending to African American firms will reach $1 billion in 2023, up from $599 […]

The NFL And Minority-owned Banks: A Good Match

The National Football League (NFL) recently announced its plans to secure a loan worth $78 million from 16 Minority Depository Institutions (MDIs), Community Development Financial Institutions (CDFIs), and banks focused on minorities and women. This move is a small step in line with the League’s ongoing efforts to enhance business opportunities with diverse enterprises. The […]

Three years after George Floyd’s murder, is America in a better place?

“After the initial excitement around the corporate pledges, they basically have petered out,” CIR chief executive William Michael Cunningham told Financial Times. “They haven’t really done anything that would lead one to believe that they are committed, with some exceptions.” See:

Financing For Electric Vehicle Infrastructure

The  Asia-Pacific Economic Cooperation (APEC) Transportation Ministerial Meeting: Minority Bank EV Financing Roundtable took place in Detroit on May 15, 2023, and brought together industry leaders, government officials, and experts to discuss financing electric vehicle infrastructure development. The event was organized by the Asia-Pacific Economic Cooperation (APEC) to be a platform to address key challenges […]

Black Americans May Suffer a $132 Billion Dollar Loss

Offering a potentially stormy outlook, Black Americans could face an economic loss totaling a whopping $132 billion if the U.S. government goes into default for a protracted period. According to an analysis from Creative Investment Research, the largest financial blow for Black Americans could come from the nation’s housing market totaling $60.9 billion. The findings […]

Impact of Regional Bank Troubles on Black People

The impact of regional bank troubles on Black people will likely be multifaceted, since this is a group with a higher proportion of underbanked and unbanked individuals. Some potential consequences include: It is crucial for policymakers and financial institutions to address the challenges faced by regional banks to minimize the potential negative consequences on Black […]

Bridging the Racial Wealth Gap: The Role of Black-Owned Banks and Financial Institutions

In recent years, Creative Investment Research has delved into various initiatives and strategies aimed at tackling the wealth gap, economic disparities and financial inclusion. In 2022, CEO William Michael Cunningham released a book examining the unique challenges faced by minority-owned businesses in accessing financial resources and support (Thriving As a Minority-Owned Business in Corporate America: […]