The US Federal government's Paycheck Protection Program, or PPP, doled out hundreds of billions of dollars to businesses.<br />The PPP's goal was to assist businesses during the nearly inevitable slowdowns due to the coronavirus pandemic.<br />But according to Business Insider, many minority-owned businesses were left waiting for funds until the final weeks of the program.<br />Many of our businesses were being turned down in the first and second round of funding. That caused application fatigue and frustration. Ron Busby President, US Black Chambers<br />The Center For Responsible Lending says minority-owned businesses support 8.7 million jobs with an annual total payroll of $280 billion.
