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A store in Boston displays a sign noting its Black ownership on June 24, 2020. Black-owned businesses struggled to get coronavirus emergency loans last year, until community lenders stepped in to help.
When Black business owner Jennifer Kelly applied for an emergency loan for small businesses through a major bank last spring, she found herself shut out.
Kelly, who runs a clinical psychology practice outside Atlanta, was not the only one. Businesses owned by Blacks and Latinos were often at the back of the line last year as the government rushed out hundreds of billions of dollars in Paycheck Protection Program loans. The money was intended to help small businesses keep their workers on the payroll during the pandemic.
Audio: Black-Owned Businesses Find Lifeline In Small Banks As They Scramble For Survival
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A Lil Positivity : The Atlanta Hawks Get $35 Million Renovation Loan Unwritten Entirely By Black Banks, First Pro Franchise Ever
wynn1063.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wynn1063.com Daily Mail and Mail on Sunday newspapers.
A Lil Positivity : The Atlanta Hawks Get $35 Million Renovation Loan Underwritten Entirely By Black Banks, First Pro Franchise Ever
wynn1063.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wynn1063.com Daily Mail and Mail on Sunday newspapers.