Why are so many black-owned small businesses shut out of PPP loans?

Why are so many black-owned small businesses shut out of PPP loans?

“There is a structural flaw in this program. It uses banks as middlemen. Any time you create a big program and give banks the ability to choose which customers it prioritizes, you’re going to have disparities,” said Mehrsa Baradaran, a law professor at the University of California, Irvine. “Credit disparities are where past injustices lead to present disparities.”