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0 0 0.000267952840300054 -0.00562700964630227 -0.000535905680600108 0.000267952840300054 -0.00107181136120041 -0.00549303322615215
Stock impact report

Black Startups From The Pandemic Boom Now Struggle to Access Capital [BNN Bloomberg (Canada)]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: BNN Bloomberg
In 2023, just 32% of Black owners were fully approved for a loan or line of credit, compared to 56% of White entrepreneurs, according to a March report from the 12 regional Federal Reserve Banks. Black owners were also more likely to have to use personal funds to address financial challenges. As government aid during the pandemic helped many Black households save and build wealth, it also provided seed money to start businesses, said Andre Perry, a senior fellow at the Brookings Institution. The recent entrepreneurial surge in the country was partly driven by Black women who created businesses to aid their communities, Perry said. Ymani Wince, owner of the Noir Bookshop in St. Louis, Missouri, opened her storefront in May 2022 after a successful pop-up book sale earlier that year. She secured the rental space with the help of a new job and funds she saved during the pandemic. She also crowdfunded almost $18,000. As she entered her second year in business, 30-year old Wince real Show less Read more
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