Black history and the COVID-19 pandemic

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Black history and the COVID-19 pandemic

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Though 60 billion is kept aside by CARES act funding for minority and other underserved borrowers, black-owned businesses are having trouble accessing the government's emergency Paycheck Protection Program loans. The corona virus loan program set 10 million in loans per customers that could be turned in to grants depending on individual profiles. but since its launch much controversy developed as with in minutes funds ran out to well resourced companies. Baltimore cafe owner Terence Dickson reached out to every on he knows as he was on his on last couple hundred to keep the staff paid. He states that the " financial industry has shown me no love for 20 years". He believes that the system should be different. This shows how small black owned businesses have continued to struggle through the pandemic even though the availability of loans and grants are there; but its still unavailable to reach them .

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NBC News

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This item was submitted on February 22, 2021 by Fatima Husain using the form “Share Your Story” on the site “A Journal of the Plague Year”:

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