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5 See FDIC, Federal Reserve Board, Office of the Comptroller of the Currency OCC, Office of Thrift Supervision OTS, National Credit Union Administration NCUA, and Conference of State Bank Supervisors, “Interagency Statement on Meeting the Credit Needs of Creditworthy Small Business Borrowers,” February 5, 2010, ; FDIC, Federal Reserve Board, OCC, OTS, NCUA, and FFIEC State Liaison Committee, “Policy Statement on Prudent Commercial Real Estate Loan Workouts,” October 30, 2009, ; and FDIC, Federal Reserve Board, OCC, and OTS, “Interagency Statement on Meeting the Needs of Creditworthy Borrowers,” November 12, 2008, . The future of small business lending will have a disproportionate impact on minorities. Although white owners continue to own the majority of small businesses, growth in business ownership has been considerably larger among minority owners. The U. S. Census Bureau reports that during the economic expansion from 2002 to 2007, the number of businesses owned by minorities increased 45 percent, led by African American owners, who experienced a 60 percent increase in businesses owned. White owned firms increased only about 13 percent during this period. While minority owned firms now account for more than 20 percent of businesses, they remain relatively small, employing only around 5 percent of the nation's employees. The vast majority of small businesses are seeded with the personal or family savings of the founder. While the scale may differ, the reliance of savings differs little across ethnic groups. Reliance on home equity and credit cards, important sources of start up capital, also display only minor differences across race, with minorities being slightly more dependent on credit cards and whites more often tapping home equity.