OneUnited Bank President Teri Williams believes in the power bank lending can give Black entrepreneurs. Jeffrey Salter Photo courtesy Jeffrey Salter With the housing redevelopments in Miami like Liberty Square, Liberty City is gaining economic momentum. Now the largest Black-owned bank in America, which has a customer branch in the […]
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Small business owners feel ‘hit to the throat’ when applying for bank loans
Small business owners often face hurdles trying to borrow money. Data from the Federal Reserve shows that 85% experienced financial difficulties in 2021. And during that time, more than half of owners who sought loans were looking to meet their operating expenses rather than to expand their businesses, the report […]