![statistics of venture forthe statistics statistics of venture forthe statistics](http://www.mysearch.org.uk/website2/images/pictures/84.6.jpg)
Minority business owners tend to receive higher interest rates on loans and shorter payback durations than white business owners. Minority-owned enterprises receive smaller loan amounts.Minority businesses make up about 28% of all businesses in Washington, D.C. Furthermore, states such as Washington, Georgia, and Maryland, have the highest number of businesses owned by minority groups. Minority ethnic entrepreneurs, bring in $1 trillion in revenue to the American economy yearly. Businesses owned by minority ethnic groups employ 7 million Americans.Asians and Native Americans followed this at 8% and 4%, respectively. More stats revealed that Hispanics were the second-largest minority business owners, accounting for 14%. Minority-owned business statistics from 2018 noted a massive 400% increase in the number of businesses owned by African Americans, between 20. African Americans accounted for the most significant increase.
![statistics of venture forthe statistics statistics of venture forthe statistics](https://paaomasijoittajat.fi/wp-content/uploads/VC_BKT_2020_verkkosivut_EN.png)
Minority ethnic groups account for 45% of small business owners in the US.Ī survey carried out in 2018, revealed that American businesses owned by minority ethnic groups, increased from 15% in 2015 to 45% in 2018.In this section, we have stated some stats on businesses owned by minority individuals in the US.
![statistics of venture forthe statistics statistics of venture forthe statistics](http://www.slovca.sk/img/thumbnails/big/1503588141.jpg)
Business ownership by minority individuals implies that the business is at least 51% owned by the minority group. Minority groups in the US comprise US citizens who are Black, Hispanic, Asian, and Native American. Entrepreneurs in real estate, consulting, and personal/household services account for 10.7%, 10.3%, and 9.0%, respectively. This is followed by entrepreneurs in retail at 10.9%. This group makes up the majority of entrepreneurs in the United States. Statistics about entrepreneurs revealed that 19.6% of self-employed professionals are construction workers and people who own one trade or the other.