Race and Gender Disparities in Lending

We have worked in the supplier diversity space for over 25 years.

We are acutely aware of the challenges facing minority-owned and diverse-owned businesses. In general, minority business leaders face greater obstacles to accessing the capital needed to create and run their businesses. Race and gender disparities in lending continue to plague the diverse business community, hampering their long-term growth.

Supplier Success is committed to helping suppliers — from every every walk of life, of all shapes and sizes — succeed in partnership with their corporate customers and lenders.

Small business closures due to COVID-19

Black-owned businesses lost during COVID-19

Latinx-owned businesses lost during COVID-19

Asian-owned businesses lost during COVID-19

White-owned businesses lost during COVID-19

Source: Federal Reserve Bank of New York

Payment terms continue to increase

When corporations extend their payment terms without offering a helpful supplier finance program in return, they shift the financial burden to their suppliers.

Waiting additional days to get paid is a cash flow killer all small businesses, but especially so for diverse and minority-owned businesses. Diverse businesses often borrow at high interest rates in order to survive while waiting for their customer invoices to be paid.

Days Payable Outstanding (DPO) Increases by Year