A new LendingTree analysis reveals that America’s promise of opportunity remains unevenly distributed.

In 2024, 39% of Black-owned businesses were denied a loan, line of credit, or merchant cash advance, the highest rejection rate of any racial or ethnic group. Hispanic-owned businesses followed at 29%, while just 18% of white-owned businesses faced denial.

The overall numbers may appear steady, but they mask deep disparities.

“Navy Federal Credit Union data revealed they denied African American home loan applications at a rate of 52%, Latino home loan applications at a rate of 44%, and white applicants at a rate of just 23%,” attorney Ben Crump wrote on X in February 2024 . “We will continue to fight for those affected by this disparity in lending!”

Nationally, 21% of businesses t

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