We study the impact of neighborhood stigma on entrepreneurship. Through an audit study conducted in the Czech Republic, we sent over 700 emails to bank branches, inquiring about business loans while manipulating the perceived location and race of the entrepreneur (Romani vs. Czech). The results reveal a compounded disadvantage for entrepreneurs perceived as racial minorities and those based in stigmatized neighborhoods, particularly when these factors coincide. The study contributes to existing literature by demonstrating how neighborhood stigma, distinct from other forms of discrimination, may also explain some of the bias faced by disadvantaged entrepreneurs. It also extends the discourse on the impact of stigma on entrepreneurship, by showing how overlapping identities compound challenges. and focusing on its geographic dimension.