Friday, March 29, 2024
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Tags James Ballentine

Tag: James Ballentine

Minority businesses shut out of stimulus loans

Loans handed out to struggling small businesses as part of President Barack Obama’s stimulus package have largely shut out minority businesses – especially those owned by Blacks and Latinos. Overall, white-owned businesses received over $130 million in loans through the program, while Hispanic-owned businesses got $4 million and Black-owned businesses less than $2 million.