Philadelphia Tribune: Black Business Owners Hope to Get More Funding Through Paycheck Protection Program
“We expect the additional PPP funding will run out of money just as quickly as the first round — if not sooner — and it’s only going to reach very small and minority-owned businesses if the Small Business Administration makes that a priority,” Jesse Van Tol, CEO of National Community Reinvestment Coalition said in a statement.
“Congress should have gone further and required that, but it didn’t. If the SBA doesn’t explicitly prioritize micro-businesses and minority-owned businesses, it’s likely that bigger companies will once again dominate the program while the smallest businesses are once again left out.”