Campus Units

Management

Document Type

Article

Publication Date

1994

Journal or Book Title

Journal of Small Business Strategy

Volume

5

Issue

2

First Page

31

Last Page

44

Abstract

This study examines the initial, seasonal, and refinancing characteristics of 67 minority business owners. The results are compared to the financial characteristics of women-owned and mixed ownership small firms. Minority-owned firms are found to rely primarily on equity to finance initial operations. Minority business owners' initial debt was commonly obtained through Small Business Administration (SBA)guaranteed loans and government grants. A very large percent of the minority business owners who acquired debt were required to provide numerous supporting documents. The results indicate that minority firms that experienced difficulty in obtaining initial capital continue to experience financial problems relating to operations.

Comments

This article is from Journal of Small Business Strategy 5 (1994): 31.

Rights

This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Copyright Owner

Van Auken et al

Language

en

File Format

application/pdf