Did PPP shut out minority entrepreneurs? Here’s why SBA can’t say.

Small-business advocates have been hoping for a clearer picture on whether — or, perhaps, to what degree — Black and Latinx business owners were unfairly shut out of the Small Business Administration’s popular Paycheck Protection Program. But they won’t be getting that information from the agency. The SBA said it is legally unable to require applicants to submit demographic data as part of the $659 billion forgivable loan program, likely dooming efforts to learn whether it disproportionately boxed out women or entrepreneurs and owners of color. (Wash Bus Journal)

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