News, VoicesWells Fargo Launches $400 Million Small Business Recovery EffortIn April 2020, Wells Fargo CEO Charlie Scharf made an industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program back… July 9, 2020
NewsOFN Awarded Grant from Newly Established Tipping Point Fund on Impact InvestingThe Tipping Point Fund on Impact Investing (TPF), a donor collaborative vehicle with a mission of scaling the practice of impact investing, announced its… July 8, 2020
NewsHouse Subcommittee Approves $273.5 Million for CDFI Fund in FY 2021On July 8, the House Appropriations Financial Services and General Government (FSGG) Subcommittee approved its FY 2021 appropriations bill which includes $273.5 million for the… July 8, 2020
NewsNetflix to Invest 2% of Cash Holdings in CDFIs and Other Organizations Serving Black CommunitiesNetflix Director of Talent Acquisition Aaron Mitchell and Director of Treasury Shannon Alwyn announced in a June 30 blog post that the company will… June 30, 2020
NewsCDFIs Outperform Other Paycheck Protection Program (PPP) LendersUpdated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of… June 29, 2020
NewsJPMorgan Chase Institute Releases Report on Early Impact of COVID-19 on Small BusinessThe JPMorgan Chase Institute has released research on the early impact of COVID-19 on small business finances—including cash balances, revenues, and expenses—during the… June 24, 2020
NewsRecap: 2020 Virtual Small Business Finance ForumUpdated July 7, 2020 On June 16 and 17, OFN held its ninth annual—but first-ever virtual—Small Business Finance Forum for more than… June 22, 2020
NewsGoogle Announces New $50 Million Investment in CDFIs and Black CommunityOn June 17, Alphabet and Google Sr. Vice President & CFO Ruth Porat published a blog post regarding the company’s commitment to helping small businesses… June 18, 2020
NewsOFN Announces First Round of Google Loans and Google.org-funded GrantsOn June 17, OFN announced the first round of Grow with Google Small Business Fund loans and grants funded by Google.org. Five… June 17, 2020