Blog

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 May 18, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing entitled, “Examining the Role…

On April 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing entitled, “An Economy that Works For Everyone: Investing…

On April 20, American Express and OFN member Accion Opportunity Fund announced a new program to provide loans and other resources to…

From the first days of COVID-19, CDFIs have been on the pandemic’s front line, providing financial support and services to small businesses,…

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,…