LGBTQ owned small businesses received COVID-19 relief funds at a lower rate than their non-LGBTQ counterpartseven as they were more likely to apply for loans during the pandemic, according to researchers.
The report, published by the Center for LGBTQ Economic Advancement and Research and Movement Advancement Projectanalyzed data from the Federal Reserve Banks’ annual Small Business Credit Survey, which included questions about LGBTQ identity for the first time in 2021.