Nine of 10 minority-owned firms surveyed by a Boston nonprofit group said they had applied for bank loans, but 57% of them were rejected.

The survey, done in the second half of 1998 by the Organization for a New Equality, drew responses from minority businesses in 25 states and the District of Columbia. The organization said it got responses from 200 firms but said the sample is not representative of all such companies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.