Behind so it concern about brand new PPP financing was a lack of experience with financial institutions
Behind so it concern about brand new PPP financing was a lack of experience with financial institutions A study by Nyc Provided found that merely twenty five% off Black-owned enterprises got a love with a lender Plus the Business Vast majority learned that into the Ca, 28% of small enterprises away from color lacked which relationship, weighed against 19% off white business owners. “When the a business didn't have a current relationship with a lender, it absolutely was hard to get inside the thereupon financial,” told you Jason Richardson, new...