Showing posts with the label PayPal

Black People and COVID-19: Key Impacts.

Black People and COVID-19 | Key Impacts A new national survey of African American small businesses was conducted by Washington, D.C.-based Creative Investment Research. The survey asked questions about the Paycheck Protection Program and the Economic Injury Disaster Loan Emergency Advance (EIDL) Programs. The survey was intended to get a true pulse of how effective the lending programs have been. Sixty four percent (64%) of survey participants that said they applied for the Paycheck Protection Program (PPP), only 19% got funding. Even those receiving funding, however, got far less than what they asked for or expected. As survey respondents were predominantly Black businesses, this gives us some insight as to why unemployment is high and growing among Black Americans. What can Black people do immediately? Apply for the stimulus check of $1,200 - 100% probability rate of receiving; Apply for Paycheck Protection Program (PPP) - much lower probability rate of receiving PPP, on