“The financial industry has shown me no love for 20 years,” he said of his challenges qualifying for traditional bank loans. But he feels this program should be different. “It’s our goddamn money. It’s taxpayer money.”
“There is a structural flaw in this program. It uses banks as middlemen. Any time you create a big program and give banks the ability to choose which customers it prioritizes, you’re going to have disparities." According to data by payroll and HR firm Paychex, the top five industries hit hardest among black-owned business in terms of wages are accommodations and food services, arts, entertainment and recreation, manufacturing, construction, and transportation and warehousing.
Time Republicans in the Senate stand up for all small businesses no matter the color of the skin.
'Many'? HOW MANY?
Black women should get it before men!!!
Yes they do Fakenews
Funny because when I go to black neighborhoods I see mostly East And West Asian shopkeepers!
Because they are Black owned? Did I get it right?
All the banks are black..not 1 White teller at BOA
Like how they buried the lead on this story. The real story is that BankofAmerica 'accidentally' didn't put the PPP application in because they were black. When they got caught at it, magically, it was suddenly 'found' and added. Crap bank. Never deal with them.
Because most black owned businesses don’t have the banking or employees needed to qualify. Black ppl work their ass off themselves to keep business open and to feed their family. Revise this now....
Yeah. Felons can't get it. GOOD!
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Here Are All The Companies Returning PPP Money After Public BacklashI'm a breaking news reporter for Forbes focusing on capital markets and finance. I completed my master’s degree in business and economic reporting at New York University. Before becoming a journalist, I worked as a paralegal specializing in corporate compliance. They should be ASHAME of themselves. when you go through the list in the article and you see that AutoNation got 77 million dollars, you have to wonder who's in bed with whom? joshj0rdan
Source: Forbes - 🏆 394. / 53 Read more »
Here Are All The Companies Returning PPP Money After Public BacklashI'm a breaking news reporter for Forbes focusing on capital markets and finance. I completed my master’s degree in business and economic reporting at New York University. Before becoming a journalist, I worked as a paralegal specializing in corporate compliance. theothersarahh Hopefully all the companies who didn't desperately need those loans will return them.
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