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cadence cash

Triangle startup working on ‘friendly’ funding solutions for minority-owned small businesses

Small business funding has traditionally been a challenge for minority and women-owned businesses, a problem that has remained despite awareness of the issue. According to the US Small Business Administration data for 2022, only 3.9% of total funding went to Black or African Americans, vs. 42.4% of funding to White applicants. A further 25% went to applicants who declined to share their race. This Triangle couple is trying to change those statistics.

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