Keita Vanterpool, a chiropractor, meets with patient Jevaughn Mark at her office in Washington, D.C. She initially applied for a Paycheck Protection Program loan in May and after several rejections received approval in late July from a credit union. The PPP initiative was dogged by complaints from many borrowers and small-business groups that it favored sophisticated companies with strong ties to lenders, which issued the loans, over those with weaker financial roots, including many in minority neighborhoods. ‘Some of it is not really understanding what the real rules of the game are,’ said Dr. Vanterpool, whose PPP funds...

Source: Wall Street Journal October 11, 2020 10:52 UTC