Small business loan relaunch will target minority firms after backlash
(From Politico)
Following a backlash over whether minority-owned businesses had sufficient access to the loans, the SBA issued specific guidelines for minority, veteran and women employers. Among the steps the agency plans to take is to accept PPP loan applications only from certain lenders that focus on underserved and minority businesses and borrowers in distressed areas for at least the first two days of the program.
This article was originally posted here: https://www.ac2news.com/2021/01/small-business-loan-relaunch-will-target-minority-firms-after-backlash/.
