BizSugar.com › Raising Capital › Study Shows Microloans Help Minority Business Owners Grow Their Business

Ever since the Great Recession began in 2007, more and more minority business owners are opting to start their own business. According to a recent study conducted by four college professors, “Business Credit for U.S. Subprime Borrowers: How Much Does it Matter for Entrepreneurial Success,” self-employment amongst minority business owners grew nearly 30% between 2000 and 2011. Nearly 22% of all self-employed individuals are minorities. This is encouraging news for minority individuals who want to start a business.