Ending Hunger in America, 2014 Hunger Report Full Report | Page 63

CHAPTER 1
loans,” writes Stacy Mitchell with the Institute for Local Self-Reliance. Small and mid-sized
banks provide more than half of all small business loans.75 But for the past three years,
lending to small businesses has been on the decline for any size bank. “If someone walks into
a bank of any size and says they need a loan of $10,000 or $20,000 to start a business,” says
Quiñonez, “they are going to be handed an application for a credit card rather than handed
over to a loan officer.”
Most enterprises of this size are
Figure 1.10 Small Businesses Struggle to Find Lenders Who Will
started using the owner’s personal

Make a Deal, 2009-2012
wealth; borrowing against a home
mortgage is a common strategy.
0%
The loss of wealth in communities
of color after the housing bubble
-10%
-13%
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