"Roughly 95% of Black-owned businesses, 91% of Latino-owned businesses, 91% of Native Hawaiian or Pacific Islander-owned businesses, 75% of Asian-owned businesses stand close to no chance of receiving a PPP loan through a mainstream bank or credit union," https://www.google.com/amp/s/www.cbsnews.com/amp/news/women-minority-business-owners-paycheck-protection-program-loans/

On average, minority and women-owned businesses have 30% fewer employees compared to male- or white-owned businesses. Their average sales are about 50% to 90% of their counterparts'

The value of the loans they were seeking — which are based on a businesses's average monthly payroll — would have been smaller. This is why we have #CDFIs.