This week on @reveal, we talk about how business owners in majority White areas got approved for Paycheck Protection Program loans at much higher rates than those in majority Black, Latinx and Asian areas.
revealnews.org/article/rampan…
revealnews.org/article/rampan…
When #COVID19 shut down Annie Graham's clothing stores in Inglewood, she applied for a repayable government loan for small businesses during emergencies, but was denied based on her credit record. (📸by @jamesbernalfoto) 
She also applied for a forgivable #ppploan, but didn’t get approved because a bank mistakenly told her she had to prove she had staff on payroll. But she didn’t have staff. Many small businesses never get big enough to afford having staff.
Earlier this year, @POTUS announced changes to the #ppploans program to make it easier for small business owners.
With the new rules in place, Annie was able to re-apply and received almost $15,000 in PPP assistance.
But it wasn’t an easy process.
With the new rules in place, Annie was able to re-apply and received almost $15,000 in PPP assistance.
But it wasn’t an easy process.
We tell you why in our investigation⤵️
revealnews.org/article/rampan…
revealnews.org/article/rampan…
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