In this episode, Dr. Iryna Demko, Research Associate at the Center for Economic Development, and Dr. Ana Claudia Sant’Anna, Assistant Professor at West Virginia University, discuss their research about the impact of race and gender on the SBA Paycheck Protection Program (PPP) loan amounts.
They found that nationally minority-, Hispanic-, and female-owned small businesses received smaller PPP loans than their business counterparts of the same size. In addition, interviews with a variety of small businesses in Northeast Ohio showed that businesses receiving smaller loan amounts had more difficulties and less knowledge about the loan application process compared to larger loans recipients.
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