Demand hit $76 billion, more than double the available funds. Restaurant and food vendor associations are mobilizing to urge Congress to approve more funding.
More capital is coming toward funds dedicated to finance entrepreneurs from Black, Hispanic-Latino, Asian and other under-represented communities.
This new federal program targets small businesses in the food and beverage industry hit by the pandemic and prioritizes historically-underserved communities. Have you checked if you can apply?
Two of the largest U.S. banks increased their pledges to tackle the racial wealth gap with new commitments in Q1 of 2021 to expand access to capital for Black, Latinx and Asian communities.