PPP Money for Small Business Loans Runs Out As Firms Struggle to Survive


The money well for Paycheck Protection Program (PPP) loans geared to help small businesses combat the coronavirus has run dry.

The U.S. Small Business Administration, which helps run the program, issued a statement around noon today indicating “All PPP funds are exhausted.”

The federal agency stated earlier in the day, “The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP lenders at this time.”

The SBA reported that as of 8:45 am Thursday there have been nearly 1.64 million applications approved totaling more than $339 billion at more than 4,900 lending institutions.

The funding apparently hit its limit Thursday morning. The $350 billion lending program for firms with up to 500 workers became law in late March as part of the $2 trillion coronavirus economic stimulus package.

Some observers speculated that the funding could evaporate fast after PPP was launched on April 3.

The drained fund leaves some uncertainly as it remains unclear when and if the PPP lending pot will be replenished with new funds. Federal government officials and Capitol Hill leaders have talked about supporting such a supplement but nothing has been finalized.

The U.S. Treasury and SBA are looking for extra funding to offer more loans to small businesses hit by the coronavirus crisis. The PPP offers small businesses forgivable loans to cover workers’ pay, rent, and other operating costs.

On Wednesday, U.S. Treasury Secretary Steven T. Mnuchin and SBA Administrator Jovita Carranza issued the following statement regarding the Paycheck Protection Program and Economic Injury Disaster Loan Program:

“The SBA has processed more than 14 years’ worth of loans in less than 14 days. The Paycheck Protection Program is saving millions of jobs and helping America’s small businesses make it through this challenging time. The EIDL program is also providing much-needed relief to people and businesses.”

“By law, the SBA will not be able to issue new loan approvals once the programs experience a lapse in appropriations.”

Further, they said, “We urge Congress to appropriate additional funds for the Paycheck Protection Program—a critical and overwhelmingly bipartisan program—at which point we will once again be able to process loan applications, issue loan numbers, and protect millions more paychecks.”

“The high demand we have seen underscores the need for hardworking Americans to have access to relief as soon as possible. We want every eligible small business to participate and get the resources they need.”

McDonald’s Apologizes For China Restaurant That Banned Black People

McDonald’s Apologizes For China Restaurant That Banned Black People


After widespread news reports of a McDonald’s in China refusing to serve black people and essentially banning them from the restaurant, the company has issued an apology for the actions of that franchise, according to MSN.

The action by the restaurant in southern China created outrage online as people saw the reports of discriminatory treatment toward Africans in the city. 

“We’ve been informed that from now on black people are not allowed to enter the restaurant,” read the notice, which hung outside the McDonald’s in Guangzhou. “For the sake of your health, consciously notify the local police for medical isolation, please understand the inconvenience caused.”

Tensions have built up between police and Africans in the southern metropolis of Guangzhou. The animosity started after local officials announced a cluster of COVID-19 cases in a neighborhood with a large migrant population. The chain has since apologized and a spokesman for McDonald’s told AFP that the notice was “not representative of our inclusive values”.

“Immediately upon learning of an unauthorized communication to our guests at a restaurant in Guangzhou, we immediately removed the communication and temporarily closed the restaurant,” McDonald’s said in a statement to BBC. The restaurant added that it had conducted “diversity and inclusion” training in the branch.

Last week, hundreds of Africans in the southern Chinese city were evicted from hotels and apartments after online rumors circulated that coronavirus had been spreading among African people. Guangzhou is a hub for African traders buying and selling goods and is home to one of China’s largest African communities.

The South China Morning Post reported that this alert was sent to blacks in the area: “The US Consulate General advises African-Americans or those who believe Chinese officials may suspect them of having contact with nationals of African countries to avoid the Guangzhou metropolitan area until further notice.”

2020 ESSENCE Festival of Culture Canceled Because of COVID-19 Pandemic

2020 ESSENCE Festival of Culture Canceled Because of COVID-19 Pandemic


At this stage of the game, it seems that nothing will be spared when it comes to the effect of the coronavirusESSENCE magazine has announced that due to the coronavirus and at the recommendation of New Orleans Mayor LaToya Cantrell, no large events will take place in New Orleans in 2020—the ESSENCE Festival of Culture has been canceled.

ESSENCE and the City of New Orleans have a partnership that thrives in good times and is made even stronger in challenging times,” said Mayor Cantrell in a written statement. “We share an uncompromised commitment to the best interest of our local community and our tourist community, and the priorities right now are providing support to those who have been affected by the disproportionate impact of the pandemic here in New Orleans and ensuring a safe and healthy environment for all. We look forward to welcoming everyone back to our great city in 2021 for the return of the ESSENCE Festival of Culture and to once again helping to create such an unmatched and magical experience.”

The Festival of Culture”s live experience will return to the city next year. So this summer, the new ESSENCE Studios streaming platform will host the first-ever ESSENCE Festival of Culture: The Virtual Edition as a replacement for the live experience. The streaming event will be held over the July Fourth weekend as a multiday experience and benefit celebration. This Festival experience will be extended to communities worldwide, with unfettered access to the power, purpose, and party that has made the ESSENCE Festival the largest cultural, entertainment and empowerment experience in the world. Women across the globe and their families can now participate in interactive, live opportunities to be inspired, empowered, entertained and transformed as they enter a new economic, spiritual, and wellness journey ahead.

ESSENCE will refund all tickets sold for the 2020 ESSENCE Festival of Culture. Ticket holders should visit essencefestival.com for further information.

Louisiana Governor John Bel Edwards shared his sentiments for the festival. “We greatly appreciate the ESSENCE family for working with the City of New Orleans and Louisiana as we face this ongoing public health crisis,” he said. “We have enjoyed a long-standing relationship with the ESSENCE family and look forward to continuing the celebration in 2021.”

Tameka ‘Tiny’ Harris Feels Bill Cosby Should be Placed on House Arrest Because of COVID-19

Tameka ‘Tiny’ Harris Feels Bill Cosby Should be Placed on House Arrest Because of COVID-19


Xscape singer and reality TV star Tameka “Tiny” Harris believes that due to the spread of the coronavirus, Bill Cosby should be released from prison and placed on house arrest, according to The Grio.

Harris has a podcast with her co-host Shekinah Jo Anderson called The Tiny Jo Show and during their latest episode, they both called for the release of the embattled entertainer. There are news reports about prisons releasing inmates that don’t pose a threat to lessen more widespread outbreaks of the coronavirus.

In 2018, Cosby was sentenced to serve three to 10 years in prison for sexually assaulting Andrea Constand at his home in 2004. More than 60 women had accused the actor of sexual misconduct. The actor is currently serving his sentence at the SCI Phoenix facility outside Philadelphia and there already has been reportedly one coronavirus case at the facility, according to lehighvalleylive.com.

“No disrespect to the women that were involved, I just feel like Bill [Cosby] is older, and he’s been in there doing his time,” Harris said. “I’m not sure how long he’s been in there.” As Anderson implied that some of the women were attempting to use Cosby for their own advancement, Harris says, “We don’t really know the story. But I think most of the culture feels like Bill has been doing his time and this has been going on for so long.”

But Anderson pulled back and responded: “Bill, I want you out of there, I’m sorry. And to the victims that Bill messed over—I’m sorry to y’all, too. I just was goin’ into the other Gemini. I didn’t mean to say that to y’all. No one should be f*cked under a pill under pressure.”

Last month, Cosby’s lawyers filed a motion requesting that he be released from prison. Cosby’s lawyer Andrew Wyatt said in a statement to Yahoo:

“The reason: Mr. Cosby is elderly and blind — and always needs to be escorted around the prison by support service inmates, known as Certified Peer Specialists (CPI),” Wyatt said at the time. “Those inmates could fall victim to the coronavirus and easily spread the disease to Mr. Cosby as they wheel him around in a wheelchair. Among their duties, the inmates bring Mr. Cosby to the infirmary for his doctor appointments and clean his cell.”

Wyatt continued, “In addition, Mr. Cosby is constantly in contact with the correction officers who could contract the disease on the outside and bring it inside the prison, potentially exposing Mr. Cosby to the virus.”

NBA Star Russell Westbrook Provides 650 Laptops to Houston Students


Houston Rockets All-Star Russell Westbrook is helping young students learn now that schools are temporarily suspended due to the coronavirus pandemic. The flashy basketball player is donating 650 laptop computers to students in the Houston area, according to Rockets Wire.

This initiative is being funded through a collaboration with Westbrook’s Why Not? Foundation and Comp-U-Dopt.

“I’m extremely excited to be able to collaborate with Comp-U-Dopt and find ways to be able to impact the youth immediately. It’s something that I’m very, very passionate about through my foundation, and I’m just trying to find a way—especially now—to be able to bridge the gap, and give kids access to another way of learning, through computers,” Westbrook said. “This allows them to be able to continue their education, especially from home. I’m happy to be a part of it.”

Houston Mayor Sylvester Turner said, “Russell Westbrook proves why he is a champion on and off the court. This donation will be a game-changer for many students and their families coping with the impact of the COVID-19 crisis. The generous contribution will help young people stay focused on their education at home and until they can return to their classroom.”

“The generous gift will allow us to significantly increase our inventory and ensure we can to continue to close the gap for Houston families most in need,” said Colin Dempsey, executive director at Comp-U-Dopt. The organization describes itself as a nonprofit providing technology access and education to underserved youth in the Houston and Galveston areas.

“One in three economically disadvantaged students in the Houston area lack access to a computer at home,” Dempsey added. “With the outbreak of COVID-19 and the closure of schools, there is an immediate need to get more computers to students and families without access at home.”

Black Girl Sunscreen Launches In 200+ Target Stores & Founder Shontay Lundy Credits The Black Dollar


Shontay Lundy, founder of Black Girl Sunscreen, has solved a problem so many blacks have dealt with—eliminating those annoying white streaks traditional sunscreens leave behind. And now she has been given the opportunity to expand her reach through blessing the aisles of more than 200 Target stores nationwide with her popular product.

Why Black Girl Sunscreen

Lundy launched Black Girl Sunscreen in 2016 out of Miami and hasn’t taken her foot off of our necks since. Her products can be found everywhere from your local Target shelf to the motherland. Yup, she’s on shelves in Nigeria too.

BGS is an everyday, ultra-sheer, SPF 30 moisturizer for the face and body, infused with natural ingredients made specifically for darker pigments.

The mission of Black Girl Sunscreen has evolved over time. Lundy once simply saw it as a way for blacks to protect their skin without white streaks while outdoors and now sees it playing a much bigger role. “I never knew what the impact would be today…it’s now about creating and continuing the conversation of sun protection amongst women of color. About the importance of wearing sunscreen and the benefits of it—and not just from a health perspective, but also a cosmetic perspective.”

Lundy understands that for years women have been afraid of what the outcome would be if they wore sunblock thinking they’re going to look like either a ghost, a silvery fish, or just something other than themselves. “And even though sunscreen is an OTC, with a cosmetic product, you’re supposed to feel good and look good and sunscreen did not do that for women of color.”

What Makes Black Girl Sunscreen Different

Unlike other brands, Black Girl Sunscreen has natural ingredients that can be pronounced. Can the congregation give us an amen?

BGS has no fragrance, is environmentally friendly (reef safe!), cruelty-free, has no silicones, and has ingredients like avocado, jojoba, aloe, cocoa butter, and carrot juice. I believe this is an opportune time to mention once again that you don’t get the ghost-face look when applying. For us, by us for the win.

Aside from the aforementioned, the sunscreen’s beautiful matte black and gold packaging, along with its catchy name stands out with ease on the Target shelves amongst the brightly colored orange, pink, and blue tubes we’ve grown accustomed to seeing over the decades. Thank you Target for giving a black girl options!

“I feel like Target has been a pioneer of supporting multicultural brands. When you think of hair care and where they first launched, Target is always expanding and trying to bring in newness. And you can look and see that sun care is one of those spaces that is really underdeveloped for us. There are very limited options.”

Lundy’s ‘Not-So-Secret’ Secret to Success

Some may believe that under four years is no time at all for a cosmetic brand to be making such major moves but a lot has happened in the last four years. Lundy’s success is heavily based on her admirable work ethic, leveraging social media, and encouraging word of mouth from her network of supporters.

“In everything that has happened to us, we’ve been so grateful. I [emphasize] the word grateful because we don’t take any of this for granted. The things that we’ve done at Black Girl Sunscreen first starts with the work ethic.”

Lundy was used to putting in long work hours coming from corporate America: “Ten to 12 hour days is really nothing.” After working long days in the corporate world, she came home and worked for many hours on her business.

Lundy also noted that since Black Girl Sunscreen launched on Instagram, they’re classified a bit as a social media brand and she has no ill feelings about it. Social media has leveled the playing field and she took advantage of that. “We really penetrated Instagram and Facebook,” she shared. Adding that brand also makes it a point to highlight those who support by resharing posts they’ve been tagged in on their stories often. Every single post means the world to BGS.

And while most may overlook the small events and opportunities to market, Lundy didn’t take any of it for granted and remained hyper-focused on getting her product in front of her target customer.

“We did things like podcasts, local radio shows, and attended events that may not have had the best turn out. My goal was for women of color—black women—just to talk about Black Girl Sunscreen. And it could be one person telling their cousin, friend, mother, or grandmother … I never underestimated the word-of-mouth referral. And that’s how we’ve grown. With the community being behind us and the black dollar having so much power. And that’s where we really attribute our success today.”

The Importance of The Black Dollar & Community Support

It has been a grassroots effort from the very beginning as Lundy’s Black Girl Sunscreen has made it a point from the start to build mutually beneficial relationships with members in the black community. She has created partnerships with specialty retailers who have brick & mortars that cater to black and brown girls, along with building relationships with beauty supply stores and estheticians that are for women of color.

“They’re our first line of defense. When you go in to get a facial or some other type of service, a skin esthetician will give you a list of recommended products to use, so I have to attribute some of the success to them. To just us holding hands and believing in what we’re doing and being a part of this movement.”

Lundy shared that the community support has helped her in the national retail partnership with Target going so well.

“I want to emphasize the importance of black buying power.” She believes that when we come behind each other and lift each other up, we can create real movement. “We need to continue this. Black Girl Sunscreen is just so grateful for women who know and understand this and want to be a part of something bigger.”

Black Girl Sunscreen can be found on Target.com and BlackGirlSunscreen.com.

New Orleans Saints’ Malcolm Jenkins: ‘We Must Look Out for Ourselves’

New Orleans Saints’ Malcolm Jenkins: ‘We Must Look Out for Ourselves’


The plight of the black family in the United States is well documented, even more so now in the face of the recent coronavirus pandemic. To help further illustrate this point, New Orleans Saints player Malcolm Jenkins has taken to social media to remind black Americans that the government isn’t always here for us and that we must take care of ourselves.

“This message is for my black brothers and sisters,” Jenkins said in a video posted on his Twitter account.#dearblackpeople We are the most impacted, yet the focus of resources aren’t being invested in us. We cannot wait for a government that has NEVER prioritized us. We must look out for ourselves. Take care of you first, share resources, protect the elderly, and stay home!”

His message for the black community was also shared via his Instagram account:

 

View this post on Instagram

 

#DearBlackPeople Thank you to all of our first responders, doctors, and nurses who are on the front lines. You are our heroes, we thank you, we pray for you, and we owe you a great debt. This is message is for my black brother and sisters. We MUST SURVIVE! This pandemic is REAL and the damage that is left in the wake of the coronavirus is realized mostly in our communities. Bad policy, institutional neglect, and over exposure place us disproportionately in arms reach of the dangers of this deadly virus. We are the essential worker! We are the most impacted, yet the focus of resources aren’t being invested in us. We cannot wait for a government that has NEVER prioritized us. We must look out for ourselves. Take care of you first, share resources, protect the elderly, and stay home as much as possible. Please stay safe, stay healthy, and survive because whether they know if or not, the world needs us… we need us!

A post shared by Malcolm Jenkins (@malcolmjenkins27) on

Jenkins, a two time Super Bowl champion, is currently a member of the New Orleans Saints after spending the past six seasons with the Philadelphia Eagles.

Ava DuVernay’s ARRAY Launches $250,000 Arts Fund for Organizations Focused on Women, Minorities

Ava DuVernay’s ARRAY Launches $250,000 Arts Fund for Organizations Focused on Women, Minorities


Women and people of color filmmakers have always had to fight extra hard to earn capital to fund their artistic dreams. Now, famed director Ava DuVernay is launching her own initiative aimed to bring more marginalized creatives in front of mainstream audiences.

This week, DuVernay’s nonprofit foundation ARRAY Alliance launched a $250,000 fund to provide grants for creatives who are telling stories of underrepresented communities, specifically those impacted by the global coronavirus pandemic. ARRAY Grants will be given to independently owned film festivals and screening series that have been canceled because of the spread of COVID-19.

“Establishing ARRAY Grants furthers ARRAY’s mission to support arts advocates around the country that are cultural necessities in their communities. With more content from creators of color and women being made, it’s crucial to support the organizations that nurture and nourish these voices,” ARRAY Alliance executive director Regina Miller said in a statement, according to The Hollywood Reporter. “In just the last few weeks, we’ve all gained a new appreciation for the value of human connection and the simple comfort of being together, sharing stories, in a place that feels safe and welcoming. Every community deserves that.”

Grants of $10,000 have already been given to 14 honorees centered on telling stories from female and minority communities including the BronzeLens Film Festival, Black Femme Supremacy Film Festival, and the Houston Museum of African American Culture.

DuVernay took to her Instagram page to share the news with her followers.

Meet 4 Black Scientists Fighting COVID-19

Meet 4 Black Scientists Fighting COVID-19


The spread of COVID-19 across the U.S. has had a huge effect on black communities. Many cities, including Chicago and Milwaukee, have seen African Americans represent the majority of their new cases. However, there are a number of scientists and researchers working non-stop to find a treatment to stop the spread of the novel coronavirus.

Here are some of the black scientists working to find a vaccine for COVID-19.

Dr. Kizzmekia Corbett

Dr. Kizzmekia Corbett is a viral immunologist at the National Institutes of Health. She is leading the effort to develop an mRNA vaccine for COVID-19, which has moved into Phase 1 at record speed. She recently confirmed to CNN’s Anderson Cooper that projections are at eight months for a vaccine being made available to the general population.

Dr. Tomeka Suber

Dr. Tomeka Suber is a pulmonologist and an expert in acute respiratory distress syndrome.

Dr. Christopher Barnes

Dr. Christopher Barnes is an HHMI Hanna Grays Fellow at California Institute of Technology. His work is helping find a cure by crystallizing antibodies to fight against COVID-19 to help identify more effective treatments and a possible vaccine.

Dr. Michael Johnson

Dr. Michael Johnson is a professor at the University of Arizona investigating if copper could be used to alter the binding of SARS-CoV-2, the virus that causes COVID-19. Research is still in the early stages. The scientists hope that copper, in conjunction with other treatments, will deliver a solid one-two punch to COVID-19.

Entrepreneur Mary Seats Built Her Business with $300. Now She’s Making Millions

Entrepreneur Mary Seats Built Her Business with $300. Now She’s Making Millions


Mary ‘Mz Skittlez’ Seats, affectionately known by millennials as the “Kris Jenner of marketing,” has been building her brand and countless others for years. In 2011, Seats launched her first company, Cupcake Mafia, in Cleveland with $300 to her name and now she says she is making millions. And she is helping others to do the same.

Seats comes from a family of serial entrepreneurs. Her father and grandfather were both businessmen – and Seats got the entrepreneurial spirit and began designing clothes for dolls, which she showed off and sold to others. After graduating from college, Seats worked as an assistant stylist on an international tour and her father encouraged her to take a leap of faith and create her own clothing brand.

“All I had was literally $300, a dream, and my relationships,” said Seats. And that was enough to launch The Cupcake Mafia. Support from celebrities who she connected with on the road helped to catapult her brand and it became more visible.

“One day, my site started going crazy with orders after Tiny [Harris] wore the brand on TV. That is when I decided that I was fully committed to being an entrepreneur,” Seats recalls.

Leveraging her relationships and the influence of others resulted in monumental success which generated over a million dollars.

The Ebbs and Flows of Business

Seats’ success up until that point appeared to be unquantifiable until she was met with her first business challenge.

“That deal led me to partner with an investment firm. And I had no idea that I would be fired six months later from my own brand — which, by the way, took me from a penthouse overlooking Central Park to sleeping on an airbed in a unit above my store.”

In business, as in life, you live and you learn.

“What I didn’t realize is that God had a different plan for me. That story is pretty lengthy, but to sum it up, I signed a bad deal. I went back to fight them, and I won! I paid $60,000 for my brand back. And after I received the rights to the trademark, I went in full ‘go-mode’—even from my airbed,” said seats.

“The airbed stage of my life—which seemed to be the lowest point of my life—is when I got closer to God. He brought me to what is now the highest and happiest point of my life.”

Leveling Up

Mary Seats
(Image: Mart Seats)

Once Seats recovered from that experience, she founded The Icing Agency, a branding and marketing firm, and Gurl Mobb. “After losing my first company to investors and buying it back, I realized to never to put my eggs in one basket,” said Seats. She later opened three retail stores, purchased a factory in China, and took on entrepreneur and influencer B. Simone as a client. She also wrote a book and began creating digital guides, resources, and marketing webinars, which are often sold out within hours.

Most recently, Seats sold hundreds of spots for a digital conference in less than 48 hours where she and a panel of experts equipped women with the information they need to blossom as entrepreneurs.

As Seats continues to grow her businesses, she is adamant about helping other women achieve success as well. With an organic following of over 149,000 followers on her personal Instagram account, women flock to the entrepreneur because of her authentic nature and wealth of knowledge.

“When I was on that airbed, I told God ‘If you get me back up, I will never look down. The only time I will look down is to pull someone up.’ And it’s been that way ever since,” said Seats.

And when it comes to seats at the table, Seats firmly believes, “If I cannot bring anything to the table, I will not sit down!”

When Seats isn’t creating, working on her business, or with clients, she is encouraging women entrepreneurs to bloom where they are planted. To others, Seats offers this advice, “You can be a mom, a wife, or whatever it is you want to be. I used to want to find a poster woman for the ideal mom, wife, and unstoppable girl boss – and I honestly I couldn’t find it. So, I became it.”

To learn more about Seats and the services that she offers women entrepreneurs, click here.

 

 

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