Diddy Working With Black-Owned Banks to Help Black Businesses With Funding

By Kia Morgan

 Sean “Diddy” Combs has launched ourfairshare.com, a platform that’s mission is to help black entrepreneurs and small businesses access much-needed resources amid the economic devastation brought by COVID-19.

The official ourfairshare.com website states, “Helping you get your fair share of the PPP loans. Our goal is to educate and guide minority small business owners, non-profits, independent contractors, and churches through the SBA PPP loan programs available to you through the recently passed CARES Act.”

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.”

If you are a black-owned small business do not let this opportunity pass you buy. Jump on this and get the funds to help you and your business out during this pandemic. You owe it to yourself, your employees, and your community.

For more information or to apply yourself https://www.ourfairshare.com/ or follow their IG page @ourfairshare

📸: Scott Dudelson/Getty Images

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Credit:

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program