NewsCDFIs Continue to Outperform Other PPP LendersAs of May 5, the only lenders still authorized to process Paycheck Protection Program (PPP) applications until the May 31 deadline are CDFIs,… May 25, 2021
NewsOFN Members Testify at Hearing on CDFI and MDI Small Business LendingOn May 18, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing entitled, “Examining the Role… May 20, 2021
NewsOFN Members Testify at Senate Banking Hearing on Rural InvestmentOn April 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing entitled, “An Economy that Works For Everyone: Investing… April 29, 2021
NewsAmerican Express to Invest $40 Million in Underfunded Small Businesses through Accion Opportunity FundOn April 20, American Express and OFN member Accion Opportunity Fund announced a new program to provide loans and other resources to… April 21, 2021
NewsGrow with Google Small Business Fund Marks One YearFrom the first days of COVID-19, CDFIs have been on the pandemic’s front line, providing financial support and services to small businesses,… April 8, 2021
NewsPresident Biden Signs Bill Extending PPP to May 31On 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… March 31, 2021
Events, NewsLisa Mensah Testifies Before Senate Small Business and Entrepreneurship CommitteeOn March 17, the U.S. Senate Committee on Small Business & Entrepreneurship held a hearing entitled “The Paycheck Protection Program: Performance, Impact,… March 19, 2021
NewsState Small Business Credit Initiative Funded in the American Rescue PlanOn March 11, President Biden signed the $1.9 trillion American Rescue Plan into law. One significant provision of the bill for CDFIs is $10… March 18, 2021
NewsBiden Reforms to Paycheck Protection Program Advantage Smallest BusinessesOn February 22, the Biden Administration announced changes to the Paycheck Protection Program (PPP) designed to deepen the program’s ability to reach very small… February 25, 2021
