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Coleman Stokes. Answers 1. Crackers 24 July, 0. The internment of Japanese Americans in the U. Know the Answer? Not Sure About the Answer? Try a smart search to find answers to similar questions. Related Questions. What exceptional challenges did african americans face during the s? Challenges Faced By African Americans

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The survey underscores the ongoing disproportionate impact of the pandemic on small businesses owned by people of color who already face systemic barriers to accessing financing and business resources. Despite state and federal efforts to provide emergency funding to small businesses, the study found that they continued to experience major losses in revenue. As a result of these revenues shortfalls, many businesses have had to make difficult decisions to stay afloat. The study also found that small business owners of color are Facex likely to have to take drastic steps to stay afloat.

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While many small businesses have been able to access federal relief, some small business owners struggled to navigate funding programs last year. Black-owned and other minority-owned businesses closed more rapidly than white-owned firms as a direct result of the lack of stimulus funding. The Fed found that Black-owned firms were less likely to enter the pandemic from a strong financial position than white-owned firms, with smaller shares Afgican Black firms operating at a profit, having a high credit score, and using retained business earnings to read article the business.

Fortunately for minority-owned businesses, the Biden Administration has made helping them a priority. On the campaign trail, Biden promised to provide access to capital for Challenges Faced By African Americans small businesses, and backed it up by allowing CDFIs, which help companies in disadvantages areas, early access to the latest round of PPP loans.

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