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Explore the challenges and solutions for scaling lending to entrepreneurs of color in this 49-minute panel discussion from The Aspen Institute. Delve into the exclusionary nature of traditional lending infrastructure and its impact on minority-owned businesses, especially during the COVID-19 crisis. Learn about the crucial role of community development financial institutions (CDFIs) in supporting underserved entrepreneurs and the obstacles these organizations face. Gain insights from experts in public policy, inclusive growth, financial access, and business innovation as they discuss strategies for improving capital access, the effectiveness of the Paycheck Protection Program (PPP), and the future of lending for minority entrepreneurs. Understand the differences between microlenders and banks, examine criticisms of the PPP, and discover potential policy and philanthropic interventions to create a more equitable lending landscape.
