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Finding financing is a tough task for small businesses, and a 2022 report by the Movement Advancement Project and the Center for LGBTQ Economic Advancement & Research revealed that LGBTQ+ business owners face even higher rejection rates. Now, as lending standards tighten and economic uncertainties loom, LGBTQ+ businesses could fall farther behind. CNBC examines the financial challenges LGBTQ+ entrepreneurs face and highlights the need for inclusive lending practices and support.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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