© 2024 KLCC

136 W 8th Ave
Eugene OR 97401

Contact Us

FCC Applications
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Beto Yarce, New Oregon SBA Director Talks Loans for Minorities

SBA Building
SBA Building

In Banking, the traditional 5 C’s in determining a loan have been capacity, capital, conditions, character, and collateral. For marginalized communities however, a 6th C might as well have stood for closed. As in getting a loan was closed to them.

And we aren’t talking about a relic of history. A 2020 analysis by The Business Journals found that White neighborhoods received roughly twice as many small-business loans compared with Black neighborhoods.

On this edition of Oregon On The Record, you’ll hear from Beto Yarce, the new Regional Administrative Director for the Small Business Administration and Scott Bossom of 1st Security Bank, about how he and the organization are working to open up loans to everyone. As someone who’s seen credit discrimination first-hand, Yarce talks about SBA efforts to distribute more and more loans to people who’ve had a traditionally difficult if not impossible job of getting a vital business loan.

Show links:

SBA Oregon Office
1st Security Bank

Michael Dunne is the host of KLCC's Oregon Rainmakers podcast. Do you have a suggestion for an Oregon Rainmaker's guest or topic? Email Michael at mdunne@klcc.org.