Black people looking to invest should have confidence and trust in our communities financial institutions to do right by us with business loans, investment opportunities and a willingness to evolve. Specifically, Minority Deposit Institutions (MDI), which are federally insured depository institutions or banks with at least 51% of the voting stocks owned by the minority group it serves, including representation on the board of directors. These financial organizations that are providing business loans to Black entrepreneurs have connected the dots, and know exactly how to play the game to start closing the racial investing gap.
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