Task Force to Investigate the Challenges of and Opportunities for Minorities in Business

Access to Capital

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* 1. What is the business' primary zip code?

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* 2. How long has the company been in business?

Less than 1 year

1-2 years

3-10 years

11 - 20 years

20+ years

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* 3. Where do you find resources to access capital for your business?

Online

Referral from a business-based center/organization

Referral from a community-based center/organization

Other (please specify)

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* 4. Does the company have any outstanding debt?

Yes

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* 5. Has the business ever had a loan?

Yes

Unsure

Other (please specify)

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* 6. If yes, please identify the source of the loan.

Credit card company

Small/community bank

Large/national bank

Online lender

Friend(s) or family

Government-based loan program

Other (please specify)

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* 7. If yes, were you satisfied with the overall lending experience?

Yes

Somewhat

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* 8. If the business has ever been turned down for a loan, what was the barrier?

Poor credit history

Insufficient collateral

Business is not yet profitable

Too few years in business

Lack of a business plan

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* 9. If the business were to seek a loan today, what would the general purpose be?

Working capital

Purchase of equipment or machinery

Commercial real estate

Business acquisition

Start a new business

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* 10. Ownership profile:

Minority or woman-owned

Non minority-owned

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* 11. 2016 Revenue profile:

$50,000 or less

$50,001 - $100,000

$100,001 - $500,000

$500,001 - $1,000,000

$1,000,001+