Tilly on Challenges Facing Minority Business Owners

Urban Planning Professor Chris Tilly was featured in a Wave Newspapers article on providing support to minority businesses during the COVID-19 pandemic. Even after the federal government launched programs to provide low-interest loans to small businesses during the pandemic, confusing documentation and inflexible standards have made obtaining loans a burden for many entrepreneurs, especially those who don’t speak English as a first language. “A major difficulty non-native speakers encounter in filing for a federal loan is in deciphering the technical financial language required to fill out the necessary paperwork,” Tilly explained. “If English is a second language for you, there’s all kinds of unfamiliar words, idiomatic usages and financial terms that might be understandable to the average English speaker but baffling to a person who is still learning English or using Google to make sense of the form.” The article noted that nonprofit organizations are stepping in to guide entrepreneurs through the complexities of accessing loans.


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