Economic Justice Fund Launches COVID-19 Crisis Loans for Sacramento Micro-businesses
News
An entrepreneur’s zip code all too often determines whether his or her business prospers—or even gets off the ground.
Indeed, entrepreneurs in low-income communities face challenges that their wealthier counterparts never have to confront. They are more likely to lack the personal savings, home equity, or credit history they need to start their businesses or to collateralize a loan. Entrepreneurs with a higher net worth have more resources and more funding options.
The Economic Justice Fund believes that a lack of wealth should never limit an entrepreneur’s chances of success, and we are committed to providing credit and training to enable low-income entrepreneurs to build strong businesses. Learn about the services we provide.
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out of every 30 businesses with employees are located in low-income communities.01
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out of every 11 self-employed workers are located in low-income communities.01
- Source for both stats: Entrepreneurship in Low-Income Areas, Office of Advocacy, U.S. Small Business Administration, September 30, 2017.