“Help is on the way to for small businesses in Colorado. The state Legislature is expected to give final approval Friday to a bill that provides $4 million in aid for small businesses disproportionately impacted by COVID-19.
Minority-owned businesses are among those hardest hit. Not only are African Americans and Latinos more likely to be hurt by COVID-19, the Federal Reserve says, they are less likely to get help from banks. The reasons range from racism to relationships.
Sen. James Coleman says, whatever the reason, the result is 60% of white business owners that apply for loans are approved while only 29% of African American business owners are.”
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Boyd, Shaun. Channel 4 News 14 January 2021.