Small Business Administration

Latest Round Of PPP Could Better Benefit Black-Owned Businesses

Feb 19, 2021

The good news about the new $5 billion of Paycheck Protection Program (PPP) funds approved by Congress in December is that Congress made some favorable revisions just to help small businesses and businesses owned by people of color.

Brandon Steven is well known as the owner of health clubs and car dealerships that, until the COVID-19 pandemic, collectively employed more than 6,000 people in Wichita.

So when Congress offered relief to small-business owners last month through the CARES Act, it looked like Steven’s different businesses might be able to benefit from the law.

There was just one catch: Steven pleaded guilty last year to a misdemeanor charge of hiding gambling ledgers and was sentenced to three years of probation.

Nadya Faulx

The head of the federal Small Business Administration made a stop in Wichita on Tuesday as part of a nationwide tour.