Since the murder of George Floyd, and the marches that followed, there has been a movement among large and small lending institutions to extend credit and opportunity to black-owned businesses. Three of the larger banks, Citi, Chase, and JPMorgan are actively seeking to even the rates of approval for small businesses owned by blacks and other minorities as well as providing more favorable terms for minority suppliers through Supply-chain financing. Check out my Youtube video here that explains Supply-chain financing, the benefits of this program, and how this knowledge can be used for black-owned business.
