Vice President Kamala Harris’s plan to offer $20,000 in forgivable loans to minority entrepreneurs is a golden opportunity for scammers and fraudsters, experts told the Daily Caller.
Harris announced the plan in early October as part of her “Opportunity Agenda for Black Men.” It promises to “ensure that Black men can build wealth and achieve economic success” by providing one million loans, fully forgivable and worth up to $20,000 each, to black entrepreneurs “and others who have historically faced barriers to starting a new business or growing an existing business.”
The loans would be in partnership with the Small Business Administration (SBA), which also oversaw the administration of the Paycheck Protection Program (PPP), a COVID-era program meant to give small businesses resources “to maintain their payroll, hire back employees who may have been laid off, and cover…
