Heard on the Street: Business Roundtable addresses racial injustice, SBA decreases loans to Black-owned businesses, and more

By October 19, 2020 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Walmart CEO: Business Roundtable members have new plans to fight historic racial injustice: The 208 members of the Business Roundtable have new proposals about what more we can do to move the weight of racism that presses on people of color.

Small Business Administration loans decrease 84% to Black-owned businesses since Great Recession: The Business Journals analyzed lending and demographic data and found small businesses in majority-Black census tracts have less access to bank loans than businesses in majority-white tracts.

Can Crowdfunding Help Save American Small Businesses?: Crowdfunding has been a bright spot in an otherwise challenging fundraising and small business lending landscape dominated lately by government loan programs such PPP and EIDL.

7 months into the pandemic, small business owners don’t know how much longer they can hold on: ‘We are in survival mode’: In March, small business owners braced for what seemed like a few weeks of financial pain. But as the coronavirus pandemic — now in its seventh month — drags on, many small businesses are still operating at limited capacity or have shuttered completely.