This is just a secondary source leading right back to the study that never actually says 400% increase though based on what is shown (it appears based on my link below it was posted then taken down because they couldn't back it). All I am doing is pointing out is that number appears to be fake/made up/someone reading between the lines on their own not based on actual data from the primary source/study conducted.
https://www.politifact.com/punditfac...se-400-percen/
"In November 2017, small business financing company Guidant Financial and online credit marketplace LendingClub Corporation sent out an email survey to their clientele nationwide; they received responses from about 2,600 "current and aspiring entrepreneurs." The companies both posted general articles about the results of that survey on their websites in January without making any distinctions about race or ethnicity except that 47 percent of "aspiring entrepreneurs" surveyed were minorities.
The 400 percent increase in black-owned businesses claim, however, was not made until a subsequent graphic was published on Guidant’s website on Aug. 8.
It was not clear from the released results how the companies came up with the 400 percent jump. The percentage of African-American respondents who owned businesses was not published, nor was that figure from last year.
The survey sample was not random, the response was voluntary, and the margin of error was not made public.
This graphic said it relied on the same survey data, and it highlighted the African-American business owners in the pool. The methodology the companies provided did not break down respondents by race, only saying that minorities accounted for 47 percent of aspiring entrepreneurs who responded.
PolitiFact contacted Guidant about the claim in the graphic on Aug. 21. Two days later, a new version of the graphic was posted, this time without any mention of a 400 percent increase."
