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Posted inEconomic Justice

More than 460 Memphis businesses got paycheck protection loans over $500K; Only 3 identified as Black-owned

On Wednesday, the U.S. Small Business Administration released the most detailed data to date on companies that received funding from the $522 billion federal Paycheck Protection Program. More than 10,680 businesses in Memphis received these forgivable loans, in amounts ranging from $127 to $10 million.  The program was intended to help small businesses maintain payroll […]