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Reproduced from Qualtrics for QuickBooks survey; Chart: Axios Visuals

Small business owners are less confident about their ability to get a loan — a drop-off that's worst among Hispanic-owned businesses, according to a new survey by Quickbooks.

Why it matters: Small businesses hard hit by the pandemic will need funding to stay afloat as the economy continues to recover.

  • Minority-owned small businesses fared worse as the pandemic raged than white-owned ones, studies have shown.

Background: There are systemic issues that for years have made it harder for people of color to get access to credit.

  • A separate Fed study out Thursday found Black- and Hispanic-owned businesses were half as likely as white counterparts to be approved for a non-emergency loan in the past year, despite similar credit risk.

Go deeper

Apr 14, 2021 - Politics & Policy

Sen. Gillibrand: National paid parental leave would boost small businesses

Axios' Kim Hart and Sen. Kirsten Gillibrand. Photo: Axios

Sen. Kirsten Gillibrand (D-N.Y.) said that federally funded paid parental leave could boost small businesses who would otherwise be unable to offer the benefit to employees, while speaking at an Axios virtual event on Wednesday.

Why it matters: Nearly a million American mothers have left the workforce during the pandemic and women's labor force participation is at a 33-year low. Some of the decline has been attributed to more women quitting their jobs, at least temporarily, to take care of their children.

Elon Musk's mega-billion bounty

Photo: Patrick Pleul/picture alliance via Getty Images

Here's how insanely rich Elon Musk is: He has unloaded $10 billion of his stock in the past month — and could do that 15+ more times given his silos of shares.

Ina Fried, author of Login
2 hours ago - Technology
Column / Signal Boost

Huawei sanctions snarled chip supply chains

Illustration: Sarah Grillo/Axios

The largely successful U.S. effort to hobble China's Huawei has benefitted a host of other tech companies — from smartphone makers such as Apple and Xiaomi to chipmakers like Qualcomm to network vendors including Nokia and Ericsson.

Yes, but: The massive disruption to the industry furthered an industry wide mismatch between supply and demand, exacerbating the global chip shortage.