Black-owned businesses fear federal relief may not be enough

There is rising anxiety that new funding from Washington, even though it is earmarked for female- and minority-owned businesses, will not reach African American entrepreneurs.

Harris and her partners, all graduates of a historically black college or university, applied for funding in the Coronavirus Aid Relief and Economic Security (CARES) Act, the $2.1 trillion bill that among other things is designed to prop up small businesses and save jobs.

“We applied for everything,” Harris told NBC News, referring to the Payroll Protection Program and Small Business Administration loans. “And were denied for everything.” READ IN FULL

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