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Chambers of Commerce Partner with Customers Bank to Help Black Businesses Get Access to PPP

Chambers of Commerce Partner with Customers Bank to Help Black Businesses Get Access to PPP
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What you need to know about credit in Canada

What you need to know about credit in Canada
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Chambers of Commerce Partner with Customers Bank to Help Black Businesses Get Access to Second Round of PPP

Chambers of Commerce Partner with Customers Bank to Help Black Businesses Get Access to Second Round of PPP
(iStock.com/SouthWorkds)
Many Black-owned small businesses were denied during the first round of the Small Business Administration’s Paycheck Protection Program (PPP). According to Unidos US, only 8% of Black-owned businesses received the aid they requested during the first round. At the same time, many large companies were able to secure PPP loans, despite having the financial means to survive.
Customers Bank, however, is attempting to level the playing field. Customers Bank offers a PPP white-label solution that enables chambers of commerce and other financial institutions a seamless platform. This enables members of these organizations to access an online PPP application, funding, and servicing lifeline. This partnership creates a one-stop-shop for small businesses that couldn’t get funding in the first round of PPP. ....

New York , United States , Long Island , Phil Andrews , Miguel Alban , Long Island African American Chamber , Payroll Protection Program , Multicultural Banking For Customers Bank , We At Customers Bank , Small Business Administration Paycheck Protection Program , Customers Bank , Many Black Owned , Small Business Administration , Paycheck Protection Program , Multicultural Banking , Black Enterprise , New York State , African American , New York City , Black Enterprise Andrews , Payroll Protection , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , நீண்டது தீவு , பில் ஆண்ட்ரூஸ் , மிகுவல் அல்பன் ,