New data shows small businesses in communities of color had unequal access to federal COVID-19 relief

Congress's major COVID-19 relief program for small businesses, the Paycheck Protection Program (PPP), has so far distributed 5 million loans across the country. That distribution, however, has not been equal. Newly released data offers a comprehensive snapshot of how access to PPP loans varied...

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Bibliographic Details
Published in:Policy File 2020
Main Authors: Liu, Sifan, Parilla, Joseph
Format: Report
Language:English
Subjects:
COVID-19
The Brookings Institution
Online Access:Request full text
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Summary:Congress's major COVID-19 relief program for small businesses, the Paycheck Protection Program (PPP), has so far distributed 5 million loans across the country. That distribution, however, has not been equal. Newly released data offers a comprehensive snapshot of how access to PPP loans varied considerably based on neighborhood demographics, with small businesses in majority-white neighborhoods receiving PPP loans more quickly than small businesses in majority-Black and majority-Latino or Hispanic neighborhoods.