News CDFIs Outperform Other Paycheck Protection Program (PPP) Lenders Updated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of… June 29, 2020
News JPMorgan Chase Institute Releases Report on Early Impact of COVID-19 on Small Business The 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
News Recap: 2020 Virtual Small Business Finance Forum Updated 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
News Google Announces New $50 Million Investment in CDFIs and Black Community On 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
News OFN Announces First Round of Google Loans and Google.org-funded Grants On 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
News Pennsylvania CDFIs to Administer $225 Million in Grants to Small Businesses Impacted by COVID-19 On June 8, Pennsylvania Governor Tom Wolf announced a $225 million statewide grant program to support small businesses impacted by the COVID-19… June 9, 2020
News CDFI Locator Sees 336% Increase in Traffic Amid Pandemic The CDFI Locator (Locator) is a valuable resource for finding CDFIs that can fulfill a wide range of specific needs for people and communities… June 9, 2020
News $10 Billion Set Aside for CDFIs to Make PPP Loans; Increased PPP Flexibility Enacted into Law The Treasury Department and SBA made an announcement on May 28 to set aside $10 billion of round two Paycheck Protection Program (PPP) funding exclusively for Community… June 8, 2020
News OCC Releases Final Community Reinvestment Act Rule On May 20, the Office of Comptroller of the Currency (OCC) released its final Community Reinvestment Act (CRA) rule just six weeks after the… May 21, 2020