Minority-owned small businesses still struggle to access billions in stimulus

The 90% figure cited by Harris comes from the Center for Responsible Lending, a nonprofit that works to stamp out predatory lending.

The documentation required from small businesses to receive forgiveness is complicated, which means small businesses that don't have access to an accountant, a lawyer or other compliance staff face additional challenges. Lawmakers on Capitol Hill on Wednesday urged Mnuchin to simplify the necessary paperwork for forgiveness.

The program excludes business owners with felony convictions, as well as those currently facing criminal charges. Mnuchin expressed openness to relaxing this guideline to exclude only those with convictions in the past three years, although he has not released formal guidance yet. Initially, PPP applications were only available in English. Now, applications and information are available in 17 additional languages.The second round of PPP included provisions that set aside money for certain types of banks and financial institutions, in an effort to ensure money was directed toward minority-owned businesses and businesses in underserved communities.

Source: Loan News Today (loannewstoday.net)

We are in World War 111 China unleashed on our country a killer virus that has destroyed our economy and killed our citizens. We have supported and helped the entire World for decades it is time to do whatever it takes to help all of our business’s and Americans.

This is the problem.

that's such BS. i applied for PPP loans twice (yes, twice!) and got approved twice. It's an easy application process

And YOUR VERY LAST SENTENCE SAYS THEY ARE. THIS ARTICLE WAS A RACIAL DIVISION ATTEMPT AND YOU SHOULD RETRACT IT AND REWRITE THE ENTIRE ARTICLE BASED ON THE LAST SENTENCE.

All small business suffer so stop making everything a race issue..!!

The PaycheckProtectionProgram was supposed to provide minority-owned small businesses access to capital and support. Nothing was done. And, the U.S. Senate won't do anything before the election to provide relief for individuals and families being affected by the coronavirus.

Tell the kin folk to stop rioting and looting.

the number comes from kamala harris and a leftwing group. abcnews reports it as news as if it is true. it is not

Check GriftinMnuchin 's pockets.

It's especially hard to do with smashed windows and looted inventory.

While trump admin funneled billions from our stimulus into their pockets, into offshore accounts, while people are starving and have no job, unbelievable

oh purr

All businesses are.

Not to mention the many burned down in 'protests'

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