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WFAE Joe Momma s Pizza & Grill is one of the 60 Latino-owned businesses that secured a PPP loan through Prospera, a nonprofit organization that supports Latino entrepreneurs. When the Paycheck Protection Program rolled out in 2020, much of the money went to big businesses with previously established banking relationships. So in February, the Biden administration announced updates to the second round of PPP loans. There were changes in eligibility and a two-week priority period for businesses with 20 or fewer employees. Lending institutions were also given a new formula to calculate loan amounts. “We wanted to be sure that those who couldn t take advantage of PPP loans had a decent shot at doing so this year,” said Mike Arriola, acting district director of the North Carolina SBA office.

North carolinaUnited statesMike arriolaMartha uriosteguiJose alvarezLatin american chamberCharlotte mecklenburg black chamberCharlotte latin american chamberPaycheck protection programMaria ramirez uribeவடக்கு கரோலினாஒன்றுபட்டது மாநிலங்களில்மைக் அரியோலாஜோசே அல்வாரெஸ்லத்தீன் அமெரிக்கன் அறைசார்லோட் மெக்லென்பர்க் கருப்பு அறை