Billions of dollars were supposed to help small businesses through the Paycheck Protection Program. But the money was marred by racial inequity.
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.
The treasurer and attorney general said they would probe possible discrimination in mortgage lending. The Philadelphia City Council plans hearings.