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The Bay

662 EpisodesProduced by KQEDWebsite

The Bay is a local news podcast about what’s really going on here. We’ll show you the messy and resilient culture of this place we call home, with help from Bay Area reporters, community leaders, and neighbors. The show is hosted by Ericka Cruz Guevarra, and new episodes drop every Monday, Wednesday… read more

17:43

PPP Loans Were Meant to Help Businesses, But Many in Bay Area Communities of Color Didn’t Get Them

On International Boulevard in East Oakland, just 5% of businesses received Paycheck Protection Program (PPP) loans from April to August of 2020. Meanwhile, in the nearby, mostly white neighborhood of Montclair, 49% of businesses received a PPP loan. Advocates and small business owners point to factors like language barriers, a complicated application process, and a legacy of banks not serving communities of color.

This kind of disparity exists all over the Bay Area, and as the region reopens, this unequal distribution of loans will have lasting impacts.

Guest: Adhiti Bandlamudi, KQED Silicon Valley reporter

This story was reported in partnership with Reveal and the Center for Investigative Reporting.

Episode transcript here: https://bit.ly/3ogBs6N. Subscribe to our newsletter here.

Follow The Bay to hear more local Bay Area stories like this one. New episodes are released Monday, Wednesday and Friday at 3 a.m. Find The Bay on Apple Podcasts, Spotify, Stitcher, NPR One or via Alexa.

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