Almost five years past the Wall Street melee and the banks have largely positioned back into a steady recovery. Within the last two years, banks have had consistent profitable net returns with a market that is outperforming expectations. Though Wall Street has positioned back on track, the much more unfortunate circumstance remains on main street were small businesses are still trying to position themselves into a positive operating capacity.
Of the small businesses that were fortunate to survive through the recession, many of them are now having problems with acquiring capital to expand their businesses to thrive in today’s economy. When it comes to access to capital, the options for small business owners and entrepreneurs planning to start a business continue to remain limited.
This issue is even more apparent when we specifically look at minority small business owners who are looking for access to capital. Close connections, friends, family and private investors remain to be the initial investment channel when individuals are not able to get capital from banks and or lending institutions.