by Troy S. Mason | Apr 30, 2020 | Business News
The vast majority of black-owned small businesses do not qualify for the government’s emergency Paycheck Protection Program loan, despite a fresh round of CARES Act funding that includes $60 billion in set-asides for minority and other underserved borrowers. Per its name, PPP was designed by Congress to shore up payroll for companies who saw business […]
by Troy S. Mason | Apr 27, 2020 | Business News
Even as a new round of billion-dollar relief hits Main Street this week, some small-business owners fear that the money still isn’t enough — and that it comes with so many strings attached that it won’t help their long-term survival. The latest version of...
by Troy S. Mason | Apr 25, 2020 | Business News
A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business Administration, despite suffering no layoffs and no apparent financial impact from the coronavirus...
by Troy S. Mason | Apr 24, 2020 | Business News
The government’s $349 billion small business lending program was designed to keep merchants afloat during the COVID-19 crisis. But critics say the structure of the program allowed the haves to scoop up aid meant for the have-nots, shutting out small merchants...
by Troy S. Mason | Apr 21, 2020 | Business News
Shake Shack, one of several large restaurant chains that got federal loans through the coronavirus stimulus law meant to help small businesses, said Sunday night that it is giving all $10 million back. The New York-based burger company is among more than a dozen...
