Policy Brief: Disparate Access to Credit for Businesses in the Chicago Region

This fact sheet looks at the disparate access to business loans for Chicago area businesses. The numbers show that businesses in wealthier and predominantly white tracts were more likely to receive loans than businesses in low- to moderate-income or majority-minority tracts. In response to these disparities, Woodstock Institute recommends that local governments should encourage banks to lend to more low- to moderate-income areas by enacting strong responsible banking ordinances, bank examiners should more stringently analyze lending practices under the Community Reinvestment Act, and more.