Day 8

Bridging the Funding Gap for Black Entrepreneurs

The challenges Black business owners face in securing funding are staggering: 47% of Black entrepreneurs who apply for a loan are denied, compared to far fewer among other groups. As a result, 84% of Black entrepreneurs rely on personal savings, high-interest credit cards, or friends and family to get their businesses off the ground.

Michigan Women Forward is working to change that. Through small business loans, pitch competitions, and technical assistance, we’re providing the critical resources Black entrepreneurs need to thrive —filling the funding gap and creating opportunities for long-term success.

When you give to Michigan Women Forward, you’re helping to level the playing field for Black business owners, empowering them to build stronger businesses and stronger communities.

Together, let’s create more opportunities for Black entrepreneurs to succeed.