Diddy’s Combs Enterprises will help black businesses get a fair share of PPP loans
Sean “Diddy” combs and its multimedia company, Combs Enterprises, have announced the second phase of their initiative with JPMorgan Chase to continue helping black and brown entrepreneurs and small businesses access much-needed funds during the pandemic.
So far, “Our Fair Share” has helped hundreds of minority-owned companies Learn about that country’s Paycheck Protection Program (PPP) and put them in touch with lenders who can help you get business loans.
“Black and brown businesses have been hit harder than other businesses during the pandemic,” REVOLT Media & TV’s President said in a statement. “Our entrepreneurs are fighting to survive and keep their employees, and we will continue to fight for them. I am delighted that the JPMorgan Chase team recognizes the immediate need to help make the process easier and fairer.
According to News week, last year, the PPP loan program has given $ 525 billion to businesses, including those that don’t pay taxes, like churches. Black and brown-owned businesses were among the latest to receive government funding – if approved.
“Our goal has always been to provide a bridge to connect providers of capital to the people who need it most,” said Tarik Brooks, president of Combs Enterprises. “Our intention is to create a platform that simplifies and demystifies the process for small business owners to get the capital they must survive these difficult times.
Back in January, REVOLT reported that Diddy was one of the many investors who helped Thirteen Lune, an online beauty platform that features black and brown-owned brands, raise $ 1 million. “I believe in Thirteen Moon’s mission to create generational wealth for black and brown business owners,” he said. “Nyakio and Patrick have the vision and the courage to create a world-class platform, and I am delighted to be an investor and advisor. “