“If these black businesses fail, these are the largest employers in our community. “But small and minority-owned businesses only have about two weeks.”So thousands of black-owned businesses faced the risk of insolvency. Smith wanted there to be more structure in the next pool of money, and Trump helped him win the White House’s support. In the first round of PPP, just $3.8 billion of the $349 billion program went to CDFIs. Breaking down barriersHe had to find a way to get the word out to black business owners.

Source: Washington Post June 25, 2020 11:04 UTC