According to a May 2015 Wells Fargo study, entrepreneurs of color are more likely to report having credit challenges, be denied credit, and be in the start-up or growing phase when credit is most needed. Furthermore, a report by the U.S Department of Commerce, Minority Business Development Agency, found that minority business owners pay 1.4% higher interest rates, receive 48% lower loan amounts on average, and 33% of minority businesses making under $500,000 annually did not apply due to fear of rejection.

In an effort to combat this problem, the Latino Economic Development Center (LEDC), in partnership with JP Morgan Chase, Capital Impact Partners, the A. James & Alice B. Clark Foundation, Harbor Bank, and Wacif, is providing minority entrepreneurs in DC, Maryland and Virginia suburbs, and Baltimore City with access to capital and one-on-one technical assistance in order to create a more inclusive and diverse U.S. economy.