Helping Underserved Small Businesses #009

Episode 9 of the The Small Business Matters Podcast podcast, hosted by Gary Stockton, titled "Helping Underserved Small Businesses #009" was published on September 13, 2022 and runs 30 minutes.

September 13, 2022 ·30m · The Small Business Matters Podcast

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Episode Description

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.

SEGMENT 1 -

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.

SEGMENT 2 starts at 17:44 -

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.

For any resources mentioned on the show today, visit our show notes over at experian.com/smbmatters.

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