Helping Underserved Small Businesses | Small Business Matters Ep 09

September 13, 2022 by Gary Stockton

This week on the Small Business Matters podcast we sit down with two exceptional leaders doing incredible work on behalf of the small business community.

Racial Equity in Underwriting

In our first segment, we speak with Shannan Herbert, Executive Vice President and Chief Credit Officer for City First Bank about underwriting for racial justice. In this thought-provoking discussion, we talk about the disparities black and brown businesses face in gaining access to credit, and key learnings from her work with Beneficial State Foundation and the special purpose credit program currently in development.
Shannan Herbert talks about racial equity in underwriting on the small business matters podcast.

Fed Survey of Firms Owned by People of Color

Each year the Federal Reserve surveys small business owners about applying for credit and their challenges. Emily Wavering Corcoran is the Program Manager in charge of this research. In our interview, Emily discusses the latest report on small businesses owned by people of color. It’s really remarkable research that raises a lot of questions about small business credit disparity for underserved small businesses.
Emily Wavering Corcoran from the Federal Reserve Bank discusses the 2022 bipoc report.

Find more episodes of the show over on our show page.



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