A new Woodstock Institute report, Patterns of Disparity: Small Business Lending in the Buffalo and New Brunswick Regions, shows that small businesses in lower income and minority areas are less likely to get a loan.
Join us for a public briefing about the report. Call-in details below.
Small businesses in lower income and minority areas are
less likely to get a loan
Since the 2008 Recession, it has been disproportionately difficult for small business owners to obtain the loans they need to start or grow a business.
A new Woodstock Institute report, Patterns of Disparity: Small Business Lending in the Buffalo and New Brunswick Regions, shows the problem is particularly pronounced among small businesses in communities of color or in low- and moderate income neighborhoods.
Patterns of Disparity examines the state of traditional bank small business lending in Buffalo, NY and New Brunswick, NJ. It is the second in a four-part series of research reports examining small business owners’ access to capital in eight major metropolitan areas.
Woodstock Institute is holding a public briefing via conference call about the findings and recommendations of the new report:
Date: Wednesday, April 19, 2017
Time: 11am ET
Location: Conference call
Dial-in: 1 (877) 258-8827
- Spencer Cowan, Woodstock Institute, author of the report
- Dean Smith, member of Main Street Alliance, and small business owner of JaZams in Princeton, New Jersey
- Dennis Matos, small business owner of Fade Doctors in Buffalo, New York
- Brent Adams, Woodstock Institute
For questions about the briefing: Brent Adams, Woodstock Institute, Badams@woodstockinst.org