An analysis of Paycheck Protection Program lending reveals stark disparities across the country. In the LA area, businesses in White neighborhoods received loans at a far higher rate than in Latinx, Black and Asian ones.
Explore where Paycheck Protection Program loans were distributed across U.S. states and territories in Reveal’s interactive map.
As families and small businesses wait for a share of the $2 trillion stimulus, banks, real estate investors and lenders have already been bailed out.
Banks are required to lend in low- and moderate-income communities only if they have a branch in the area that takes deposits.