Many small business owners have the drive, the ingenuity and the grit to make their business successful, but often access to capital is a barrier to entry. Research published by the Small Business Administration noted the struggle may be compounded for women and minority business owners and that, despite their growing economic significance, women and minority-owned firms tend to have an inadequate access to capital.

Sam’s Club and Sam’s Club Givingcontinue to address the unmet needs of small business owners—especially women, minorities and veterans—with $8.8 million in new grants. These grants have been awarded to organizations dedicated to borrower education initiatives that ease the top barrier to entry for many small businesses, which is access to capital.

In 2015, Sam’s Club and Sam’s Club Giving announced the Small Business Economic Mobility initiative, a five-year investment in small business growth through increased access to capital and borrower education. The initiative’s

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Source: Black Enterprise » Small Business