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LGBTQ-Owned Firms

In 2020, the Small Business Credit Survey (SBCS) added a demographic question asking if the owner or owners of the business were members of the LGBTQ community, making the SBCS the first major national small business survey to compile this information. The SBCS finds that approximately 7 percent of small businesses are at least partially owned by somebody who identifies as a member of the LGBTQ community, and the survey finds the experiences of these firms differ in some ways from the experiences of other firms.