Black women are currently the fastest-growing group of entrepreneurs in the U.S., but are also among the lowest-earning and least-funded. Black women entrepreneurs are more likely to own part-time businesses, have no employees, and encounter a variety of barriers, rooted in racist and sexist systems, to becoming scaled enterprises. By providing culturally responsive training and coaching, high-touch technical assistance, and a $500,000 business loan fund for Black women, Sistahbiz works to fast-track Black women entrepreneurs to 7-figure earnings. We are requesting funds to scale our training and technical assistance programs, and launch a guarantee fund that will increase bank loans to Black women. This work will accelerate the growth of Black women-owned enterprises, narrow race and gender gaps in entrepreneurship, and serve as a community wealth-building strategy for African Americans, in turn helping to eliminate disparities in housing, healthcare, and more.
Foundation for Black Entrepreneurship
Charity, fund, non-governmental organization, religious institution, school, or other entity
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