Right now, Black entrepreneurs are facing unique barriers to business success.
At SCORE, we’re working to change that by removing those obstacles and providing Black small business owners with access to personalized support. That’s why we created SCORE for Black Entrepreneurs: to meet you where you are and get you where you want to go.
Black-owned businesses were more likely to seek – but less likely to receive – outside funding.
- The Megaphone Of Main Street: The Impact of Covid-19, Impact on Black-owned Small Businesses
- 26.5% of White-owned businesses applied, and 54.2% were approved.
- 47.7% of Black-owned businesses applied, and 22.3% were approved.
DELAYS FOR EXISTING LOAN PAYMENTS
- 19.9% of White-owned businesses applied for delays, and 72.4% were approved.
- 39.8% of Black-owned businesses applied for delays, and 33.6% were approved.
SCORE is Here to Help.
Black small business owners and their communities have faced extraordinary challenges over the years. Now, we have an opportunity to do better. With over 50 years of experience, SCORE is renewing our commitment to being part of the solution. We’re here to close the opportunity gap. We’re here to take action. We’re here to give you the tools to meet and overcome any business challenge so that you can succeed.
Supporting Black-Owned Businesses.
Building a small business might seem daunting, but it’s more possible than you think. See how we’ve helped other aspiring entrepreneurs achieve their business goals.
“I can’t adequately express how much of a lifeline SCORE has been to us.”
- Rozalynn Goodwin, GaBBY Bows
"Everything that SCORE offered was exactly what I needed to get the business started."
- Charlynda Scales, Mutt's Sauce
“No one should be afraid to do something because they don’t know the answer.”
- Derschaun Sharpley, Helping Individuals Succeed Agency
There’s not enough ink in my pen to write about everything that’s great about my mentor, Mr. Mark Maguire. What makes him an exceptional mentor are the qualities he possesses naturally: his willingness to share his genius, skills, knowledge, and expertise - at a level that’s not condescending or confusing - in a concise manner that makes it easy to understand."
Get Mentoring Support.
What if you could sit down with someone who has been in your shoes? As a SCORE client, it’s as easy as that. We have a diverse group of experienced, volunteer mentors available to answer your questions about starting and growing a small business.
When you volunteer with SCORE, you change individual lives, support small businesses, and empower entire communities. We’re always looking for people to share their time, skills, and knowledge. No matter your background, we have a perfect role for you.Become a SCORE volunteer
Learn What You Need to Know.
We recently spoke with our clients to fully understand the challenges facing Black small business owners today. Before most Black entrepreneurs even open their doors, they face a range of obstacles, from a lack of capital to difficulty accessing government programs—not to mention encountering bias and racism along the way.
SCORE’s Resource Library includes hundreds of free articles, templates, tools, videos, and checklists to meet any business need. You can sort by entrepreneur type, topic, and business stage to find exactly what you’re looking for.
Not sure where to begin? Check out these articles and resources for Black entrepreneurs.
The entrepreneurial spirit is alive and well in Southern Minnesota. Local volunteers in the area who recognize the power of storytelling are working to amplify the voices of minority and immigrant entrepreneurs. Through a forum called “Entrepreneurship for All” they hope to bring the Albert Lea, Faribault, Mankato and Owatonna community together through stories that promote and inspire mentorship. This effort is presented by SCORE South Central Minnesota Chapter #0710.
Get tips from Black entrepreneurs on how to succeed in business.
Learn how you can best be an ally to Black business owners.
Discover more about how Black-Owned businesses are doing in the United States.
We will look at the impact of COVID and delve into how the pandemic has affected U.S. small businesses and what resources are available to help businesses survive and thrive. Read more
Unlocking the Doors to Access for Black-Owned Businesses - Funders and Founders Share Their Real Life Stories
This discussion with both funders and founders – will share honest conversations on unlocking access and what it takes to unlock and walk through the door. Read more
The pandemic caused the Black business community to pivot toward the creation of digital assets.
Learn how to be attractive to lending partners, funding options to consider, develop your business pitch to smartly leverage financing options to grow your business. Read more
Black women business owners can find success by defining their MVP, being creative with capital, and drawing on community support.