March 20, 2023

A $6.5 million loan fund threw FICO scores out the window, and the results show a way forward for America’s struggling cities

By Matt Turner From Business Insider The $6.5 million Entrepreneurs of Color Fund in Detroit has backed more than 40 businesses, creating 420 jobs in the city. The fund does away with a focus on FICO scores, helps prep companies ahead of receiving a loan, and provides ongoing support. The fund has had one write-off […]