Amount of Capital used to Start or Acquire the Business
With Paid Employees
For Black-Owned businesses that had employees, the data shows that of those that reported, 21% were started with less than $5,000 of capital. Another 11.6% were started for $5,000 to $9,999. So almost a third (32.6%) of Black-Owned businesses were started for $10,000 or less.
No Employees
The data shows that of those that reported, 39% of Black-Owned businesses that did not have employees were started with less than $5,000 of capital. 8.9% were started for $5,000 to $9,999. Therefore, nearly half (47.9%) of Black-Owned businesses that did not have employees were started for $10,000 or less.