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Why minority-owned businesses are struggling to get PPP loans

Saturday, June 20, 2020
Ivette Feliciano & Connie Kargbo | PBS News Hour
The Paycheck Protection Program or PPP provides federally-backed forgivable loans to businesses whose revenues may be impacted by the COVID-19 crisis. According to the Center for Responsible Lending, little of the $659 billion fund has made it to Latino and Black-owned businesses, despite being the communities hit hardest by the crisis. NewsHour Weekend’s Ivette Feliciano reports.