The Damage Report
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Low-Income Areas Robbed Of Small Business Aid
Posted
December 20, 2020
Views
8,759
Likes
606
Comments
100
Engagement
8.06%
December 20, 2020
8,759
606
100
8.06%
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9:04Now PlayingPPP loans were supposed to help small businesses in low-income areas. Data reveals they didn’t. John Iadarola and Jayar Jackson break it down on The Damage Report.
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"As the pandemic hit, orders cratered at KB and Katie Brown’s print shop in Minneapolis. They knew they would need help — exactly what the Paycheck Protection Program was meant to provide.
But despite trying three lenders, they never got one of the forgivable COVID-19 loans handed out from April through early August. They had to furlough their four employees and still don’t fully understand what went wrong in a process that felt Byzantine and inequitable to them."
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