SBA Sued Over Rule Barring Convicted Felons From PPP Loans

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Civil-rights organizations sued the Small Business Administration for excluding business owners with felony convictions from a $670 billion relief program

WASHINGTON—Civil-rights organizations sued the Small Business Administration Tuesday for excluding business owners with felony convictions from a $670 billion relief program for small businesses struggling with the impact of the coronavirus pandemic.

The lawsuit by the American Civil Liberties Union and others comes as small-business advocates and lawmakers escalate a push to provide better access to government aid programs for minority-owned businesses and others in underserved communities.

Source: News Formal (newsformal.com)

 

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Sound underwriting principles... if the businesses were prosperous the banks would have done it and the owners would have a business banker they work with for the process. Would you lend out your money to felons?

Well if that the policy, nothing to sue about

One crime, one consequence. Not endless consequences.

Powell , I want him to go to jail

What about theft convictions Lol

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