The Washington Post, November 20, Black businesses are fighting for their lives. We can’t afford to lose them.
But to be a Black business owner in America means enduring relentless racist roadblocks.
In two separate tests, the nonprofit National Community Reinvestment Coalition found that Black people seeking small-business loans under coronavirus relief programs were treated less favorably than Whites — even when they had stronger financial profiles.
“Lenders not only discouraged the Black testers from applying for a loan, but simultaneously encouraged similarly situated White testers to apply for one or more loan products,” the first NCRC report said, noting that this discrimination violates the Equal Credit Opportunity Act.
The pandemic has Black businesses fighting for their lives. We can’t afford to lose them.
