(Photo by Spencer Platt/Getty Images)
Democrats pushed a temporary extension of the Paycheck Protection Program through the Senate with a unanimous vote.
Kings Barber Shop Unisesx in Harlem (Photo by Spencer Platt/Getty Images)
Further, many Black-owned small businesses have been shut out of the funds.
According to an April report by the Center for Responsible Lending, “upwards of 90% of businesses owned by people of color have been, or will likely be, shut out of the Paycheck Protection Program.”
Love Hip Hop Atlanta star, Arkansas Mo, has been charged with federal bank fraud charges after investigators discovered he used funds from a $2 million Paycheck Protection Program loan to buy luxury items for himself.
The bill is expected to pass the House, however, reports are saying that the Democrats want more data from the Small Business Administration about the program and how the funds have been administered.
