Dallas Mavericks owner Mark Cuban has offered to help black-owned and women-led businesses that weren’t given the chance to take advantage of the funds made available from the federal Paycheck Protection Program (PPP), according to Afro Tech.
The entrepreneur, who headlined the 2018 BLACK ENTERPRISE Entrepreneurs Summit, took to Twitter last week to announce that he wants to try his best to connect black-owned and women-led businesses to a bank.
Let’s get that money
— Mark Cuban (@mcuban) May 20, 2020
Critics have been saying that the loan program has been mishandled, and Cuban agrees.
— Mark Cuban (@mcuban) May 17, 2020
Under this program, which was implemented due to the coronavirus, businesses that employ less than 500 workers can apply to receive loans of up to $10 million.
Cuban is encouraging people to either apply or contact a business that may need the loan in the tweet below:
If you know a business that is in that situation, please help them connect here.