Minority-owned companies waited months for relief loans, data shows
11.6 percent of firms in Wayne County received PPP loans, compared to nearly 18 percent of companies nationwide
JOYCE M. ROSENBERG and JUSTIN MYERS
Associated Press
Getty Images/iStockphoto
NEW YORK Thousands of minority-owned small businesses were at the end of the line in the government s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program.
Data from the Paycheck Protection Program released Dec. 1 and analyzed by The Associated Press show that many minority owners desperate for a relief loan didn t receive one until the PPP s last few weeks while many more white business owners were able to get loans earlier in the program
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In this June file photo, President Donald Trump poses for a photo after signing the Paycheck Protection Program Flexibility Act during a news conference in the Rose Garden of the White House in Washington. (AP Photo/Evan Vucci, File)
NEW YORK, NY Thousands of minority-owned small businesses were at the end of the line in the government s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program.
Data from the Paycheck Protection Program released Dec. 1 and analyzed by The Associated Press show that many minority owners desperate for a relief loan didn t receive one until the PPP s last few weeks while many more white business owners were able to get loans earlier in the program
2021/01/03 22:00 FILE - In this June 5, 2020 file photo, President Donald Trump poses for a photo after signing the Paycheck Protection Program Flexibility Act during . FILE - In this June 5, 2020 file photo, President Donald Trump poses for a photo after signing the Paycheck Protection Program Flexibility Act during a news conference in the Rose Garden of the White House in Washington. Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks to accept their applications. Or, they were disadvantaged by the program s terms. Data from the Paycheck Protection Program analyzed by The Associated Press show many minority owners desperate for a loan didn’t receive one until the PPP s last weeks. (AP Photo/Evan Vucci, File)
Minority-owned companies waited months for loans, data show
Data from the Paycheck Protection Program show that many minority owners desperate for a loan didn t receive one until the PPP s last weeks. Author: Associated Press Updated: 8:41 AM MST January 3, 2021
Thousands of minority-owned small businesses were at the end of the line in the government s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program.
Data from the Paycheck Protection Program released Dec. 1 and analyzed by The Associated Press show that many minority owners desperate for a relief loan didn t receive one until the PPP s last few weeks while many more white business owners were able to get loans earlier in the program
Minority-Owned Companies Waited Months For PPP Loans, Data Shows
White business owners were able to get COVID relief loans earlier than minority owners, according to an Associated Press report.
Joyce M. Rosenberg and Justin Myers
NEW YORK (AP) Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program.
Data from the Paycheck Protection Program released Dec. 1 and analyzed by The Associated Press show that many minority owners desperate for a relief loan didn’t receive one until the PPP’s last few weeks while many more white business owners were able to get loans earlier in the program .