Author: Chabeli Carrazana, 19th News

Chabeli Carrazana is the economy reporter or 19th News. Previously, she worked as a business reporter for the Miami Herald, where she covered the tourism industry, and the Orlando Sentinel, where she covered NASA, the private space industry and labor issues.

SVB was one of the few that would give venture-backed start-ups led by women, people of color and LGBTQ+ people a line of credit. After the bank’s collapse, they are now being hit the hardest. Originally published by The 19th Your trusted source for contextualizing business & economy news. Subscribe to their daily newsletter. Silicon Valley Bank was the only one that would give Liz Giorgi a line of credit. It was 2019, and Giorgi was launching a new business venture called soona, a virtual photography studio service. Twenty-seven other banks had turned her away. Giorgi remembers sitting down with bankers…

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