Posts Tagged ‘lending’
PPP Lending Disparities by Race in 2020 and 2021
The Paycheck Protection Program (PPP) was widely criticized, for favoring white-owned businesses over Minority Business Enterprises. (MBE) In the study PPP loans were consolidated using the program Stata using data…
Read MorePPP (Paycheck Protection Program) Disparities by Gender in North Carolina by Year
In order to determine whether Paycheck Protection loans in the North Carolina, suffered the same disparities between gender and race, as we found in our previous articles for 2020 PPP…
Read MoreDisparities in PPP Lending by Gender
As of January 31, 2021, the Treasury Department doled out over 6 million loans totaling nearly 600 billion dollars with an average loan amount of $98,560. The initial rollout of the program has been criticized for favoring larger businesses seeking higher loan amounts and effectively shutting out smaller minority and women owned businesses most likely to shutter their doors without immediate financial relief.
Read MoreDisparities in PPP Lending by Race
PPP loan data on race reveals disparities in the number of loans for the first time period PPP loans were given and amount of loans given to minority and non-minority owned businesses for both time periods.
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