The Ewing Marion Kauffman Foundation is launching a pilot program that will boost available capital for underserved entrepreneurs across the U.S.
Nearly 65 percent of entrepreneurs turn to friends and family for capital, and at least 83 percent of entrepreneurs don't receive venture capital or a bank loan, which can create challenges for propelling their business forward, according to a new Kauffman Foundation report.
One of the top barriers to capital is race. Black entrepreneurs, for example,…