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Strategies To Obtain Loans For Black-Owned Small Businesses, Trenessa Baker
Strategies To Obtain Loans For Black-Owned Small Businesses, Trenessa Baker
Walden Dissertations and Doctoral Studies
Less than 30% of Black business owners successfully obtain small business loans to sustain their businesses longer than 5 years when compared to evidence that shows that more than 65% of White small business owners obtain small business loans to sustain their businesses longer than 5 years. The purpose of this multiple case study was to explore the experiences of 3 Black owners of small businesses who successfully obtained small business loans and maintained operations longer than 5 years in the Research Triangle Park area of North Carolina. The conceptual framework for this study was systems theory and contingency theory. …