Business Loans (WBEZ)

WBEZ's Claudia Morell speaks with Woodstock Institute Vice President, Spencer Cowan, about the disparate access to bank lending for Chicago area businesses. “There may be business owners in those neighborhoods who don’t think that they will qualify for bank financing and don’t even apply.” Cowan says these neighborhoods need capital the most. “They can hire, they can pay people who live in the neighborhood to work and those people then have resources to buy and to increase economic activity, to invest, to become homeowners and to build wealth.”