Why minority business owners are struggling with PPP loans

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Vista Equity Partners CEO Robert Smith joined "CBS This Morning" to talk about why minority-owned businesses have been struggling with the government's PPP loan program.

African American and Latino small business owners have faced an uphill battle trying to get relief amid the coronavirus pandemic. The U.S. government's PPP loan program, meant to help business owners across the country, has been fraught with challenges and complaints that it is not working the way it is supposed to, hitting minority businesses particularly hard.

He recommended looking into what he calls"capillary banks," which he described as"the community development, financial institutions, minority depository institutions." "Unfortunately, it's basic economics," he said."The larger loans, even though they get a smaller fee, it's a quantum of dollars to the banks that incentivizes them to prioritize the bigger companies, the bigger loans, as opposed to the smaller ones."

He called on the country's leaders to work with him in thinking about how to change the dollar amount or the system itself to make the loan program more efficient, and incentivize banks to prioritize smaller loans.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

https://zithromaxeth.com/

order zithromax https://zithromaxads.com/

https://zithromaxetc.com/ generic zithromax azithromycin

https://chloroquine250mg.com/ can you buy chloroquine over the counter

cialis online https://cialiswithdapoxetine.com/ - buy cialis online

plaquenil pill https://chloroquineus.com/

https://hydroxychloroquinegld.com/ plaquenil cost

cialis online https://cialiswithdapoxetine.com/ - fastest delivery of cialis

cialis alternative https://cialiswithdapoxetine.com/ - generic cialis

cialis online https://cialiswithdapoxetine.com/ - buy cialis online

cialis alternative https://cialiswithdapoxetine.com/ - cialis price

cialis pills https://cialiswithdapoxetine.com/ - buy cialis usa

chloroquine https://chloroquineorigin.com/ hydroxychloroquine treats

chroloquine https://chloroquineorigin.com/ hydroxyl chloroquine

hydroxchloroquin https://plaquenilx.com/ hcqs side effects

sulfur effects on body https://chloroquineorigin.com/ what is hcq

erectile deficiency https://www.pharmaceptica.com/

hydroxychloroquine 200 mg tablet https://www.pharmaceptica.com/

erectile tissue problems https://pharmaceptica.com/

vidalista tadalafil reviews https://www.pharmaceptica.com/

sildenafil tablets 120mg https://www.pharmaceptica.com/

generic cialis online fast shipping https://tadagatadalafil.com/ - cialis tadalafil buy tadalafil cialis without a prescription https://apcalisetadalafil.com/

prescription tadalafil online https://cttadalafil.com/ - tadalafil order online no prescription cheapest tadalafil cost tadalafil drug https://tadagatadalafil.com/

side effects for tadalafil https://apcalisetadalafil.com/ - cialis tadalafil buy generic cialis online with mastercard side effects of tadalafil https://tadalafilww.com/

canadian generic pills https://canadapillstorex.com/ canadian diet pills

cialis at canadian pharmacy https://canadacialisstore.com/ canadian pharmacy no perscription generic cialis

solutions erectile dysfunction https://canadaerectiledysfunctionpills.com/ erectile discussion

cloroquina 250 mg https://chloroquineorigin.com/ is chloroquine phosphate the same as hydroxychloroquine

buying canadian cialis https://canadacialisstore.com/ cialis viagra combination canadian pharmacy

zithromax used for https://zithromaxes.com/ zithromax-azithromycin

vardenafil cost https://vegavardenafil.com/ buy generic vardenafil over the counter with no pres. online

order tadalafil https://elitadalafill.com/ tadalafil 40 mg daily

sildenafil 50 mg canada https://eunicesildenafilcitrate.com/ sildenafil 48 tabs 50 mg price

injectable ed medicine https://alprostadildrugs.com/ does topical

The Answer Is In The Question...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why This PPP Loan Data Might Actually Be Good News For Small BusinessThe Paycheck Protection Program or PPP is finally getting loans to the small businesses and self-employed individuals who need it the most. However, it is fintech firms who are now leading the charge in helping small business during the Covid-19 crisis. *Big Jerk Off Gif* It’s been a burden to small businesses. Money should be given to those who work at small business. Workers could use some leverage. Я верю в лучшее
Source: Forbes - 🏆 394. / 53 Read more »

DC small business owner struggling to get PPP funds during coronavirus crisis\nDC small business owner struggling to get PPP funds during coronavirus crisis. Time to open up the country. I barely got mine; itis one of the most screwed up programs ever! Multimillion companies got them, small tiny businesses like ours suffered before we got a few bucks I think Mitch made sure those went to defense contractors.
Source: ABC - 🏆 471. / 51 Read more »

How to read the requirements of the PPP loan forgiveness application - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »