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Small businesses in every part of the country have struggled mightily during the COVID-19 pandemic. Many have survived only due to unprecedented…

After months of urging by smaller lenders and OFN, the Small Business Administration (SBA) released new guidance to simplify the forgiveness process…

On May 25, the  U.S. Small Business Administration announced that it is accepting applications for its new Community Navigator Pilot Program. This…

As of May 5, the only lenders still authorized to process Paycheck Protection Program (PPP) applications until the May 31 deadline are CDFIs,…

On March 30, President Biden signed the Paycheck Protection Program (PPP) Extension Act which extends the program to May 31 from the original application deadline of March…

On March 17, the U.S. Senate Committee on Small Business & Entrepreneurship held a hearing entitled “The Paycheck Protection Program: Performance, Impact,…

On March 11, President Biden signed the $1.9 trillion American Rescue Plan into law. One significant provision of the bill for CDFIs is $10…

On February 22, the Biden Administration announced changes to the Paycheck Protection Program (PPP) designed to deepen the program’s ability to reach very small…

As America reckons with a Titanic scale economic impact from COVID-19, we can’t afford to wait for relief for small businesses that…