According to U.S. Small Business Administration data, nearly 800 full-service restaurants in Michigan received at least $150,000 in loans through PPP. Of those, a grand total of one restaurant reported that its owners were Black or African American, while more than 600 didn’t bother at all to indicate their race or ethnicity.
Furthermore, full-service restaurants are classified differently than fast food and carryout restaurants. According to federal data, two Black-owned fast food and carryout restaurants in Michigan received PPP loans of more than $150,000 while 26 Black-owned restaurants in Michigan received PPP loans of less than $150,000.
The outlet cited data from the Small Business Administration indicating that about 75% of all PPP loans don’t include any demographic information at the time of the loan application.
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Furthermore, full-service restaurants are classified differently than fast food and carryout restaurants. According to federal data, two Black-owned fast food and carryout restaurants in Michigan received PPP loans of more than $150,000 while 26 Black-owned restaurants in Michigan received PPP loans of less than $150,000.
The outlet cited data from the Small Business Administration indicating that about 75% of all PPP loans don’t include any demographic information at the time of the loan application.
Harris makes misleading statement on COVID-19 business loans while campaigning in Michigan
Democratic vice presidential nominee Kamala Harris made a misleading claim while campaigning in Michigan on Tuesday regarding the supposed disparities in COVID-19 relief funds to Black restaurant owners, according to a report.
