And many are accepting applications right now.
According to CBS News, 40% of Black-owned enterprises might not make it through the Covid-19 pandemic.
The Center for Responsible Lending estimated that 90% of small businesses owned by people of color “have been, or will likely be, shut out” from the Small Business Administration’s Paycheck Protection Program (PPP), Ashley Harrington, the organization’s director of federal advocacy and senior council, told CBS News in April. (You may remember how, quite controversially, the PPP initially sent loans to companies like Shake Shack and Ruth’s Chris Steak House, some of which were then returned due to public outcry.) A survey of Black and Latinx business owners and workers conducted by Color of Change and UnidosUS found that many weren’t receiving the aid they asked for from the Small Business Administration, if they received any aid at all, the New York Times reported.
In light of