U.S. Lenders Rush to Get PPP Relief Loans to Black-Owned Firms
U.S. Lenders Rush to Get PPP Relief Loans to Black-Owned Firms By January 15, 2021 (Bloomberg) -- Businesses owned by minorities and women got a head start this week in a new round of $284 billion funding, and early anecdotal evidence suggests stronger demand coming from these firms. The popular Paycheck Protection Program of forgivable loans for small businesses re-opened Jan. 11 with a four-day window dedicated exclusively to community financial institutions that lend to groups unable to get funds from traditional banks. Borrowers aren’t limited to women and minorities, although these gro...