We are using the donations received from the general public to contribute to rebuilding the Black Owned Businesses that were affected by looting and arson in lieu of protest outrage taking place on May 29th, 2020.
The city of Atlanta historically inhabits opportunities for people of color. A lot of businesses within the area are created by black entrepreneurs who strive to be the navigators of their success. We cannot let these operations fall by the wasteside because of the progress that they represent in our community.
Based on our understanding and research, we observed that many minority-owned businesses have a hard time accessing small business loans in comparison to their white counterparts. In a case where a black person is approved for a loan they are still very likely to receive lower amounts with higher interest rates.
According to findings from the U.S. Department of Commerce Minority Business Development Agency, these ongoing issues have made black business owners reluctant to apply for small business loans and other aid programs, out of fear of being rejected.