Governmental Barriers to Small Business Financing for People with a Criminal History

Collateral Consequences Resource Center

(November 2021)
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According to the Collateral Consequences Resource Center (CCRC), individuals seeking to start new businesses face a number of challenges. For individuals with a criminal history, these challenges of establishing and growing a new business increase dramatically. The Center points to a "particularly stifling series of federal regulations and policies" that impose broad criminal history restrictions on access to government-sponsored business loans.

Given that about one third of adult Americans have an arrest or conviction record, of whom a disproportionate percentage are people of color, the Center asserts that it is important to reconcile this population’s limited access to government-sponsored business capital with the emerging public policy of encouraging reintegration and second chances.

At this Georgetown on the Hill event, a panel of experts moderated by Crystal Francis, Program Manager, Georgetown University Pivot Program, discuss the economic and social impact of these restrictive policies in a forum with Q&A. Panelists consider the issues that arose when the policies were applied to pandemic relief funds; the possible correlation between criminal history and creditworthiness; and the elements of a “fair chance” approach to business lending.

Panelists include:

Visit the CCRC event page

Resource Type
Webinars, Presentations, and Podcasts