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Video: SBA Administrator Isabel Guzman Speaks at The 2022 Just Economy Conference

By / / Events, NCRC Videos / 10 minutes of reading

Moderator: Catherine “Katy” Crosby , NCRC Chairperson Speakers: Isabel Guzman Administrator of the U.S. Small Business Administration (SBA) Transcript: NCRC video transcripts are produced by a third-party transcription service and may contain errors. They are lightly edited for style and clarity. Crosby 00:00 We do have some good news. What we’re going to hear instead from […]

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Business Structure of Small Businesses May Matter More Than We Knew

By / / Views / 5 minutes of reading

The Paycheck Protection Program (PPP) was a small business lending program created by Congress in 2020 to provide loans to save businesses from the economic impacts of the COVID-19 pandemic. There were two characteristics of this program that made it unique. First, a PPP loan could convert to a forgivable grant if the business spent

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New PPP, Economic Injury Disaster Funding Now Open for Business

By / / Field Notes / 3 minutes of reading

The new Paycheck Protection Program (PPP) portal opened January 11, 2021 for new and certain existing PPP borrowers. The new rules from the Small Business Administration (SBA) on both PPP and the targeted Economic Injury Disaster Grant (EIDL) aim to correct some of the lending discrimination uncovered in the first round.

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Pandemic stimulus a necessary stopgap, but more work needs to be done for a just recovery

By / / Press Releases / 3 minutes of reading

The package represents a down payment for a just recovery that will prevent evictions, protect small businesses and provide additional direct payments to millions of families facing continued financial distress as a result of this global pandemic and economic crisis. The package also provides additional funding for Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), lenders who can put capital to work in low-income communities and communities of color when and where they need it most.

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Lending Discrimination within the Paycheck Protection Program

By / / Research / 23 minutes of reading

Lending Discrimination within the Paycheck Protection Program Anneliese Lederer, Director of Fair LendingSara Oros, Program Coordinator, Fair Housing/Fair Lending In collaboration with:Dr. Sterling Bone, Professor of Marketing, Utah State UniversityDr. Glenn Christensen, Associate Professor of Marketing, Brigham Young UniversityDr. Jerome Williams, Distinguished Professor and Prudential Chair in Business, Rutgers University Before COVID-19, tests revealed better

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NCRC Statement on New PPP Flexibility Act

By / / Press Releases / 2 minutes of reading

This week, the Senate passed the Payment Protection Program (PPP) Flexibility Act, already passed by the House in May, sending the bill to the president, who is expected to sign it into law. While the act makes necessary improvements to the PPP, more needs to be done to ensure money is going to minority and women-owned businesses and the smallest small businesses.

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