Between 2007-2010, small-business owners across the country saw access to capital dry up. And recovery has been slow. Overall, the total number of loans in 2014 was down nearly 60 percent from the peak in 2007.

A new report by the Woodstock Institute finds this problem is particularly pronounced for small-business owners in communities of color or in low- and moderate-income neighborhoods in New Brunswick. These small-business owners are 3.5 times less likely to receive a loan than their counterparts in whiter, more affluent areas of the same cities.

For example, businesses in predominantly minority census tracts in the New Brunswick region constituted an average of 12.0 percent of all businesses, but they received only 6.7 percent of the number of Community Reinvestment Act-reported loans under $100,000 and only 6.3 percent of the total dollar amount of such loans.

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