Question: I need a help with the data sources and analytic approach. I have included everything else in the core elements table. Element Description Problem Statement
I need a help with the data sources and analytic approach. I have included everything else in the core elements table. Element Description Problem Statement It is not known how minority business owners describe the barriers they faced securing funding. Purpose Statement The purpose of this qualitative description study is to explore how minority business owners describe the barriers they faced in securing funding in southeast Texas. Research Questions RQ: How do minority business owners describe their interactions with commercial lenders when attempting to secure funding for their business? RQ: How do minority business owners describe their interactions with private lenders when attempting to secure funding for their business? Phenomenon The phenomena of interest in this study is the lack of access to adequate funding for minority business owners. Data Sources Analytical Approach The phenomena of interest in this study is the lack of access to adequate funding for minority business owners. The research topic I am interested in has been studied by other scholars. In particular, previous research has focused on barriers to access to funding and capital for minorityowned businesses. These studies have examined the impact of systematic racism, discriminatory lending practices, limited networks and access to capital, and lack of collateral as factors that influence the funding of minority businesses. However, the influence of cultural biases and stereotypes on funding of minorityowned businesses has not been widely studied. Examining this specific problem has several positive aspects. First, it will contribute to a deeper understanding of one of the less studied factors that influence the lack of funding of minority businesses. Second, this research can help policymakers, financial institutions, and business support organizations to identify and develop evidencebased strategies to reduce the impact of cultural biases and stereotypes on minority businesses. Third, greater awareness of the existence and negative effects of cultural biases can help investors to better understand their decisionmaking process and make more informed and fair investment decisions. My specific interest in research is in funding gaps of minority businesses. The topic is related to my degree program and emphasis area as it discusses financial barriers and entrepreneur challenges. The topic is timely, as the economic quality and business diversity are becoming a bigger issue, and it is feasible as the sources of data can be found, and the subject has community and policy relevance. The study has the potential to add value to the literature by providing empirical evidence on the impact of alternative funding on businesses and to policy development by offering insights on the potential alternative funding. The findings may also have practical implications by informing minority business, financial institutions, and policymakers on the potential o
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