Black-owned businesses faced the highest rejection rate for loans in 2024, according to a recent analysis by LendingTree. Nearly 2 in 5 (39%) of Black founders were denied when applying for loans, lines of credit, or merchant cash advances. Hispanic business owners also faced high levels of rejection, with a 29% rejection rate. Comparatively, only 1 in 5 (18%) of white-owned businesses experienced rejection. Black-owned businesses facing loan rejections Black-owned founders have always had to work significantly harder than their white peers. These latest statistics underscore the challenges faced by