July 16, 2020
A SMALL SLICE OF THE PIE
Author: Erick Johnson
A Crusader analysis of Blacks businesses applying for Paycheck Protection Loans shows that only nine received loans of $1 million or more, unlike their white counterparts. No Black businesses received loans of $5 million or higher. It gets worse.
The Fourth of July was over, but more fireworks were on the way. On Sunday, July 5, the U.S. Department of Treasury unveiled the latest loan recipients of its $669 billion Paycheck Protection Program (PPP). More than a million purveyors of American capi