"An analysis of census-tract data from the Federal Reserve Bank of Cleveland found that PPP loans in 2020 weren’t proportionally received by businesses in low- and moderate-income areas. Businesses in areas with majority Black, Hispanic, American Indian or Alaska Native populations also received fewer PPP loans on average, the research found."
Tuesday, January 25, 2022
Bias in PPP Loans
See U.S. to Spend $10 Billion to Boost Small Businesses by Amara Omeokwe of The WSJ. Excerpt:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.