Policy Makers Aim to Ensure Underserved Communities Have Access to PPP Loans

Policy makers are trying to ensure that communities underserved by traditional banks are getting access to a small-business coronavirus loan-relief program, but it has turned out to be more of an art than a science.

When the Small Business Administration released the application form for the forgivable loan program, there was no instruction for lenders to collect optional demographic information. The agency’s inspector general in a recent report noted that omission and said “it is unlikely that SBA will be able to determine…

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