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July 08, 2020 | In These Times

Miranda Litwak

Op-Ed

Executive Branch

How The Trump Administration's Small Business Program Has Failed Communities Of Color

Trump’s SBA not only failed to support businesses struggling the most in the midst of the pandemic, but it failed to fulfill its purpose as defined by Congress. When it first created the agency, Congress specifically outlined the SBA’s obligation to support entrepreneurs from socially disadvantaged groups, who faced (and continue to face) limited access to credit, lower credit scores, a lack of relationships with financial institutions and lower levels of personal wealth.