White and Black communities in Maryland experience a 20% difference in small business loans from CARES Act

Predominantly white communities in Maryland received approximately 20 percent more loans and money per loan under the Paycheck Protection Program compared to predominantly Black communities, according to data from the Small Business Administration (SBA) analyzed by Capital News Service.

The Paycheck Protection Program was a derivative of the approximately $2 trillion Coronavirus Aid, Relief, and Economic Act (CARES) passed to provide economic relief in response to the…

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