COVID-19 Solutions for Underserved and Rural Markets
COVID -19 solutions purpose is to lessen the burden of government while fulfilling the intent of H.R. Bill 748, also known as the C.A.R.E.S. A.C.T. H.R. 748 purpose was to ensure those small businesses in underserved and rural had prioritized processing and disbursement of funds. The Sense of the Senate in the bill stated ”the Administrator was to “issue guidance to lenders and agents to ensure that the processing and disbursement of covered loans prioritize small business concerns and entities in underserved areas and rural markets, including veterans and members of the military community, small business concerns owned and controlled by socially and economically disadvantaged individuals (as defined in section 8 (d)(3)(C), women, and businesses in operation for less than 2 years”.
Despite the Sense of the Senate, good ole boy relationships, unclear guidelines, the opposite occurred by prioritizing funding for the wealthy. Each one of COVID-19 takes into consideration the most vulnerable industries and repurposes them to address the most pressing issues due to the pandemic.