One McDonald’s chain in Chicago received half a million dollars in forgivable federal loans. Then came complaints of COVID-19 safety failures and a deadly outbreak.
paycheck protection program
Rampant racial disparities plagued how billions of dollars in PPP loans were distributed in the U.S.
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.
Banking on inequity
Billions of dollars were supposed to help small businesses through the Paycheck Protection Program. But the money was marred by racial inequity.
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Which neighborhoods were neglected by the Paycheck Protection Program?
Explore where Paycheck Protection Program loans were distributed across U.S. states and territories in Reveal’s interactive map.