Howell, Sabrina T.; Kuchler, Theresa; Snitkof, David; … - National Bureau of Economic Research - 2021
Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by … lending by race. We document that even after controlling for a firm's zip code, industry, loan size, PPP approval date, and … other characteristics, Black-owned businesses were 12.1 percentage points (70% of the mean) more likely to obtain their PPP …