The data shows that of those reporting, White-owned businesses had a higher percentage of business loans from a bank or financial institution than any other racial/ethnic group. This was true for businsses with paid employees and for those without.
Description |
White-Owned |
Hispanic-Owned |
Black-Owned |
Asian-Owned |
Businesses With Paid Employees |
12.8% |
8.2% |
9.2% |
10.7% |
Businesses with No Paid Employees |
4.7% |
2.1% |
2.1% |
3.3% |
For businesses with paid employees, the 12.8% rate for White-owned businesses is 56% higher than the 8.2% rate for Hispanic-owned businesses, 39% higher than the 9.2% rate for Black-owned businesses, and 19.6% higher than the 10.7% rate for Asian-owned businesses.
As for the businesses that did not have paid employees, the 4.7% rate for White-owned businesses is 123.8% higher than the 2.1% rate for Hispanic-owned businesses, 123.8% higher than the 2.1% rate for Black-owned businesses, and 42.4% higher than the 3.3% rate for Asian-owned businesses.