Every year, Inc. magazine publishes a list of the 500 fastest-growing private companies in America and the Inc. 5000. Among all those fast-growing companies, only 73 of them are run #Black
owned and/or run by Black CEOs.
From that number, the majority have experienced #discrimination
when they applied for business loans. But still, they were able to become successful!
Three Black CEOs who were denied business loans from banks, have gone on to own the fastest growing companies in America.
, founder of Houston's #MyrtleConsultingGroup
struggled to get a loan, especially since his company is service-oriented which means no assets for collateral. They, too, finally got a bank to work with them, resulting in their revenue increasing 1,000% in the past three years. For more details, visit www.myrtlegroup.com
, founders of #SugarLand
, a Texas based #NightlightPediatricUrgentCare
. They were turned down by other banks but eventually got the attention of a woman banker at Louisiana-based #WhitneyBank
. Since then, the business has grown with revenues increasing over 150% in the last three years, they have 5 locations, their staff has doubled. For more details, visit www.nightlightpediatrics.com
, founder of #LLBEnterprises
, a Stafford, Virginia based consulting firm, was denied loans by not only traditional banks but also the #SmallBusinessAdministration
. But a company called #KaleoConstruction
helped her out with a loan and had faith she would succeed. Not only did her company flourish, but it is also the fastest-growing company led by a Black woman on the 2016 Inc. 5000. For more details, visit www.llbenterprisesllc.com
#blackenterprise #blackbuisness #blackeconomics #blackman #blackwoman #blacksuccess