2019 Trends in African-Americans and Small Business

Published on: 2/15/2019. Revised on: 3/7/2019.

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.

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