Kamala Harris promises to make $20 BILLION in forgivable loans available only for black entrepreneurs

On Monday, Democratic presidential candidate Kamala Harris unveiled her "Opportunity Agenda" for black men, which includes a plan to give out one million forgivable loans to black entrepreneurs.

Harris campaign co-chair Cedric Richmond said in a statement, "This agenda is a further realization of Vice President Harris' Opportunity Economy. An economy where people don't just get by, but get ahead. Where black men are equipped with the tools to thrive: to buy a home, provide for our families, start a business and build wealth," CNBC reported.

The plan would give out 1 million loans of up to $20,000 that are fully forgivable to black entrepreneurs and others to start businesses. The loans would be financed through partnerships with "mission-driven lenders," community banks, and the Small Business Administration.