New research by the Cleveland Business Journal finds that the Small Business Administration has reduced lending to Black owned businesses by 84%, reports Cleveland.com.

The Small Business Administration has decreased its loans given to Black-owned businesses 84% since peaking before the Great Recession, according to research by the Cleveland Business Journal.

Small business owners are desperate for the government to do something to help alleviate their financial distress, reports CNN Business. 

Tim Burgess came up with creative ways to keep his Charlottesville, Virginia, restaurants running after reopening in May, following a nearly two-month shutdown during the pandemic. 

According to CNBC, small businesses owners are starting to feel bleak seven months into the pandemic.

When Patrice Graham opened Colors of Yoga Raleigh three years ago, it became the city’s only Black-owned yoga studio, an inclusive space for people of color and the LGBTQIA+ community to feel comfortable and confident practicing