Small businesses create two out of every three new jobs in this country and are widely acknowledged to be the engine of economic growth. The California Reinvestment Coalition (CRC) sees the support and growth of small businesses in low-income communities and communities of color as a critical focus of its work. These businesses, often minority- and women-owned, encounter much greater difficulties receiving conventional loans from banks than larger businesses or those located in wealthy communities.
To read more about CRC's latest small business report, please see our December 2013 press release: New Report Finds 60% Drop in Small Business Lending
In this work, CRC has focused on three particular issues.
You can read CRC's previous reports on small business lending here:
December 2010: Small Business Access to Credit:The Little Engine that Could
Small businesses continue to have trouble accessing capital that can help them improve their businesses and create jobs.