NewsAnnouncing Latest OFN Member CDFIs to Receive Google FundingOFN is pleased to announce the latest round of Grow with Google Small Business Fund loans and Google.org-funded grants to member CDFIs… September 14, 2021
NewsOFN Applauds Release of Long-Awaited Small Business Data Collection RuleAfter more than a decade since the passage of the Dodd-Frank financial reform legislation, the Consumer Financial Protection Bureau (CFPB) finally put… September 1, 2021
NewsSBA Rolls Out New PPP Forgiveness Application Portal and GuidanceAfter months of urging by smaller lenders and OFN, the Small Business Administration (SBA) released new guidance to simplify the forgiveness process… August 2, 2021
NewsSBA Launches $100 Million Community Navigator Pilot ProgramOn May 25, the U.S. Small Business Administration announced that it is accepting applications for its new Community Navigator Pilot Program. This… May 26, 2021
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
