2019 Trends in African-Americans and Small Business

March 7, 2019

LendingClub teamed up with Guidant Financial to survey more than 2,700 current and aspiring business owners for our second annual State of Small Business survey.

African-American business owners are happier, younger, and more female-led than the average of SMB owners surveyed. They’re also showing increased confidence in the state of small business going into 2019. The infographic below details our key findings from surveying this population.

To learn more about who African-American business owners are and what’s driving them, please download our white paper here.

If you’re a business owner looking for capital to invest in your business, we encourage you to consider a business loan through LendingClub. It takes just a few minutes to get a quote, there’s no cost, and no impact to your credit score to apply.

How much do you need?

$
Enter up to $40,000

To Read Next

4 min read

10 Ways to Get Your Finances in Order After the Holidays

A recent LendingClub member survey revealed more than half of Americans (55%) will probably take debt accumulated over the…

READ MORE
4 min read

What the 2014-16 Oil Price Crash Can Tell Us About Recessions and Loan Performance

Even as the U.S. economy continues to put in a strong showing, with key indicators such as payrolls and…

READ MORE
5 min read

24 Best Ways to Save Money During the Holidays

Americans reported accumulating an average of more than $1,200 in holiday debt at the end of last year. Nearly…

READ MORE