Some lenders are fine-tuning their focus on customers and working to promote products to fund black-owned small businesses. Black-owned businesses in the United States continue to grow in quantity and in revenue, data shows. This data comes amid an environment where there is a stark difference between the racial makeup of business owners in the U.S. and the proportion of revenues those businesses draw in. Census Bureau data shows that black-owned businesses increased by around 13% between 2017 and 2020. Between 2017 and 2021, their revenues jumped by 43%. Ted James, a former regional administrator with the U.S. Small Business Administration, said the U.S. is seeing what could be called a small-business boom. James said the SBA offers fixed loans and funding through credit unions, but the big money is through offerings from CDFIs, financial technology companies, and other nonprofit lenders that are two or even three times more likely to lend to small black-owned businesses.