Some platforms are focusing on the entrepreneurs who have been hit the hardest now that many sources of emergency funding have ended. According to Robert W. Fairlie, an economics professor at the University of California at Santa Cruz who studied the effects of COVID-19 on small businesses, the number of Black business owners dropped by 41% and the number of Latinx business owners dropped by 32%. The Federal Reserve found that underrepresented business owners struggled the most to access credit during the Pandemic. Despite hitting a record high last year, venture capital funding is down this year as experts predict the US economy is headed towards a recession. Capital is available to minority small-business owners. Funding opportunities that are not specific to underrepresented founders are included. As more money becomes available, we will add this list. Please email this reporter at jortakales@insider.com if you know of a funding opportunity that is on this list. Grants are the type of financing. There is a funding limit of up to $25,000. It's for women business owners in industries such as creative arts, health and fitness, animal services, hair care, education, and mental support. Every month, quarter, and year, the winners of various grants are announced and applications are accepted on a rolling basis. There is a website.
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