(English) The Los Angeles Latino Chamber of Commerce Is Appalled At Findings That The CARE Act’s Small Business Relief Program–The SBA’s Paycheck Protection Program Is Excluding The Vast Majority Of Businesses Owned By People Of Color

LOS ANGELES, May 6, 2020 /PRNewswire-HISPANIC PR WIRE/ — A recent review by the Center for Responsible Lending has found that small businesses of color are being excluded from the Coronavirus Aid, Relief, and Economic Security (CARE) Act’s Paycheck Protection Program (PPP) and in the absence of specific reforms this practice is likely to continue. The relief program passed by a bipartisan Congress and signed by the President can only be accessed through banks and other existing Small Business…