NewsCDFIs Call for $1 Billion in New CDFI Fund Grants as PPP Misses the MarkUpdated April 30, 2020 As Congress begins drafting “Phase 4” legislation to address the continuing health and economic impacts of COVID-19, OFN is strongly… April 22, 2020
NewsWall Street Journal Article Highlights Barriers to CDFI Paycheck Protection Program AccessIn an article published April 14 by The Wall Street Journal, reporter Amara Omeokwe highlighted the important role community lenders play in ensuring SBA Paycheck Protection Program… April 14, 2020
NewsThe New York Times: OFN Advocates for More CDFI Participation in PPPIn the best of times, many black-owned business owners across the U.S. struggle to obtain bank financing to start or grow their… April 13, 2020
NewsImpactAlpha: Community Banks Bridging Racial Gaps in COVID-19 RecoveryOn April 9, impact investing news outlet ImpactAlpha published an article highlighting community development financial institutions (CDFIs) as “financial first responders” for small businesses most impacted… April 9, 2020
NewsGoldman Sachs CEO Talks CDFI Partnership on CBS This MorningOn April 9, Goldman Sachs CEO David Solomon spoke with Gayle King on “CBS This Morning” about partnering with CDFIs on the new CARES… April 9, 2020
NewsCNBC Op-Ed: Community Loan Funds Can Fix Flaws in Paycheck Protection ProgramOn April 6, CNBC published an op-ed by Seth Levine, founding partner of Foundry Group, and Elizabeth MacBride, founder of Times of Entrepreneurship, that details… April 7, 2020
NewsSouthern Bancorp CEO Darrin Williams Talks Paycheck Protection Program on Fox NewsOn Saturday, April 4, Southern Bancorp CEO Darrin Williams appeared on Fox News with correspondent Leland Vittert to discuss the rollout of the… April 6, 2020
NewsOFN Announces Grow with Google Small Business FundOFN announced today that we are working with Google to launch the Grow with Google Small Business Fund. The $125 million fund will… March 27, 2020
NewsCongress Enacts $2 Trillion COVID-19 Emergency ResponseBy a vote of 96-0, on March 25 the US Senate passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, which… March 27, 2020