I am president of Ventureneer, which specializes in defining and eliminating problems that hold underrepresented entrepreneurs back, especially minorities and women. Our work provides clients with branded research, training and content opportunities that generate thought-leadership, visibility, sales, and brand loyalty. I am a WE NYC and digitalundivided mentor as well as an advisory board member of Million Dollar Women, Women Startup Lab, and Aleri Research..
The Impact of Covid-19 on Small Business Owners: Evidence of Early Stage Losses from the April 2020 Current Population Survey
The Small Business Administration was responsible for distributing Paycheck Protection Program loans."The SBA's typical way of delivering most lending programs is through banks and financial institutions," said Joyce Klein, director of the business ownership initiative, economic opportunities program at the Aspen Institute.
These businesses are looking for small amounts of money."The way the program was structured, the lender got paid to originate the loan, based on a percentage of the loan amount. This disincentivized financial institutions from providing smaller loans," Klein said. The fees didn't cover the costs for small loans.
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