Oct 24, 2022
FROM THE KC CHAMBER'S PRESIDENT AND CEO
When the dust settled from the Paycheck Protection Program, it was obvious there was a problem. Of the 4,677 PPP loans awarded to Kansas City area businesses, only 24 went to Black-owned firms, 34 to Hispanic-owned firms, and 33 to Asian-owned firms.
The issue: too many minority-owned firms don’t have a relationship with a bank, which would have eased their application for federal dollars.
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