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Tag: Paycheck Protection Program (PPP)

Racial Equity in Times of Crisis: Let’s Interrupt History (Part 2)

Originally posted 9/1/2020 by OFN member IFF A blog by IFF CEO Joe NeriOn April 15th, IFF CEO Joe Neri published a…

September 15, 2020

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

$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

PPP Reports Released, New Court Ruling on Borrower Eligibility

Recently two reports on the Paycheck Protection Program (PPP) were released. In addition, a U.S. District Court in Michigan ruled that the…

May 19, 2020

News

OFN Testifies at House Small Business Committee Virtual Forum

On May 13, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a virtual forum for their members on the…

May 19, 2020

News

Paycheck Protection Program: Update on CDFI Eligibility

Yesterday, OFN President and CEO Lisa Mensah and other members of the OFN team spoke with U.S. Treasury Deputy Assistant Secretary for…

May 7, 2020

News

Wall Street Journal Article Highlights Barriers to CDFI Paycheck Protection Program Access

In 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

News

The New York Times: OFN Advocates for More CDFI Participation in PPP

In 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

News

ImpactAlpha: Community Banks Bridging Racial Gaps in COVID-19 Recovery

On 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