During the next 20 years, the U.S. ethnic minority population is expected to grow eight times faster than the non-minority population, to nearly 40% of the U.S. population. Meanwhile, another historic change is on the way: in the next 15 years, 45% of small businesses will be changing ownership or management. As these new owners flood the small business market, they will need a new kind of financial services institution: a trusted advisor who can provide the capital they need and the advice to leverage it effectively.

• During the last 10 years, minority-owned businesses grew twice as fast as all other types of firms.
• The number of ethnic- and minority-owned businesses will continue to grow — and to drive substantial economic growth.
• Bank loan denial rates are 5 to 6 times higher for ethnic- and minority-owned businesses, the majority of which are located in our cities.