Access-to-Capital-for-Entrepreneurs-Infographic-2-June-2023

Download the full report at kauffman.org/capitalreport23 2 | A C C E S S T O C A P I TA L F O R E N T R E P R E N E U R S | R E M O V I N G B A R R I E R S | 2023 AT-A-G L A N C E Access to capital is critical for the successful startup and growth of businesses, yet considerable gaps persist. [...] 17% 14% 17% 17% 14% 14% 12% 11% MEN WOMEN WHITE AMERICAN BLACK ASIAN NATIVE HAWAIIAN HISPANIC INDIAN AND AND OTHER ALASKA NATIVE PACIFIC ISLANDER A C C E S S T O C A P I TA L F O R E N T R E P R E N E U R S | R E M O V I N G B A R R I E R S | 2023 AT-A-G L A N C E | 3 In addition, accessing personal or family savings is more common among women and people of color. [...] 100 56 WHITE MEN PERCENT PERCENT NON-HISPANIC WHITE WOMEN 22 19 10 5 PERCENT PERCENT PERCENT PERCENT HISPANIC NON-HISPANIC HISPANIC NON-HISPANIC MEN BLACK MEN WOMEN BLACK WOMEN 4 | A C C E S S T O C A P I TA L F O R E N T R E P R E N E U R S | R E M O V I N G B A R R I E R S | 2023 AT-A-G L A N C E Capital is important to the success of businesses at all stages, yet considerable gaps still exist b. [...] 15% 14% 30% 21% 20% 19% 14% 14% WOMEN MEN BLACK AMERICAN NATIVE HAWAIIAN HISPANIC ASIAN WHITE INDIAN AND AND OTHER ALASKA NATIVE PACIFIC ISLANDER A C C E S S T O C A P I TA L F O R E N T R E P R E N E U R S | R E M O V I N G B A R R I E R S | 2023 AT-A-G L A N C E | 5 At the same time, they are significantly more likely to choose not to apply for it, despite their need. [...] WOMEN MEN BLACK ASIAN HISPANIC NATIVE AMERICAN WHITE 25 32 14 14 19 24 34 PERCENT PERCENT PERCENT PERCENT PERCENT PERCENT PERCENT A C C E S S T O C A P I TA L F O R E N T R E P R E N E U R S | R E M O V I N G B A R R I E R S | 2023 AT-A-G L A N C E | 7 And, as a result, they are less likely to report having their financing needs met.