February , 2019

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Web site educates small and minority business owners on how to obtain small business credit

Nationwide (BlackNews.com) — A recent Washington Post article emphasized how poor credit makes it much tougher to secure loans and gain access to credit, especially for African-Americans. The article entitled, “For Black Americans, Financial Damage From Subprime Implosion is Likely to Last” (see link below), sheds light on what has been an ongoing problem for many decades: Minorities, particularly African Americans, continue to make up a huge population of people and business owners who are unqualified for credit.

Other articles from TheGriot.com and The Black American News Network (TBANN) share the same devastating news, but one new web site aims to make a change.

Launched in 2011, BusinessCredit.org is a free online resource that features the best tips and guidelines on how to obtain and build small business credit – that is, business loans, business credit cards, and business lines of credit. Visitors are also educated about business credit reports. The web site is available to help anyone regardless of their ethnic background, but it aims to especially reach African Americans and other minorities who are most in need.

Visitors to the site will learn exactly what to do and what to avoid when applying for new credit, and how to effectively plead a case when credit is being taken away. There is no other resource online like this, and most of all – it’s 100% free to use.

The site features well-written informative articles, descriptive how-to videos, exclusive listings of useful resources, and detailed comparison charts of options offered by different banks. It also features the latest news and trends pertaining to small business funding and credit.

For more details, visit www.BusinessCredit.org

About African Americans and Small Business Credit:
According to the U.S. Census Bureau, there are 27 million businesses in the United States that generate billions each year in combined revenue. However, amongst those, only about 1 million or 7% are Black-owned businesses. Even worse, federal statistics show that Black-owned businesses are 5 times more likely to fail than their white counterparts. Many are closing because they lack credit to keep themselves afloat during the time periods when their cash flow is low or non-existent.


For Black Americans, Financial Damage From Subprime Implosion Is Likely to Last
Washington Post

African-Americans and Credit Scores: How the Mortgage Meltdown Permanently Impacts Many Blacks’ Finances
The Griot

Credit Scores: The Silent African American Killer
The Black American News Network

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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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