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Black-Run Website Partners With Community Lender to Help Black-Owned Businesses Acquire PPP Loans

Last year, small Black-owned and minority-owned businesses were reported as being denied access to PPP funding to help keep their businesses afloat. In an effort to change that, Black-run website and a reputable community lender have partnered together to launch — a new initiative to specifically help more Black-owned businesses apply for and qualify for these business funds, Black Enterprise reports. According to Black News, the Paycheck Protection Program has officially reopened with more than $280 billion in funding, and will initially only be available to community financial institutions that offer this capital access to small businesses in underserved and underprivileged communities. Several initiatives have already been put in place to ensure Black and other minority business owners get a fair chance to secure these loans who couldn’t during the previous rounds of PPP lending or weren’t able to apply. In addition to launching this platform,...

Njera Perkins

Jan 16, 2021