Google.org Grant Program

  • Supporting the needs of America's small businesses

 OVERVIEW

OFN and Google.org launched the Google.org Grant Program to provide critically needed funds to CDFIs lending to businesses in the most financially underserved communities across the U.S. OFN will award grants that will enable CDFIs to offer lower cost, more flexible loan products, and build capacity to support both the short-term recovery as well as long-term financing needs of America’s small businesses, including nonprofits.

The Google.org Grant Program 1 will award a total of $3.5 million in grants: $125,000 to 28 CDFIs over 12 months. The purpose of Program 1 is to provide critically needed grants to CDFIs working to support access to capital for small businesses, including nonprofits, with a particular focus on women- and minority-owned or controlled businesses, including nonprofits, in underserved communities throughout the U.S.

The Google.org Grant Program 2 will award a total of $5.0 million in grants ranging in size from $125,000 to $500,000 over 18 months. The purpose of Program 2 is to provide critically needed grants to CDFIs working to support access to capital for Black-owned or controlled small businesses, including nonprofits, in underserved communities throughout the U.S.

TERMS

OFN will award grants on a rolling basis to its member CDFIs in conjunction with a new loan or loan renewal from OFN.

Awardees will receive a grant that can be used for operations, loan capital, loan loss reserves, capacity building, or other purposes which support the objectives of the Google.org Grant programs.

See our Google.org Grant Program Guidelines for more information.

APPLICATION PROCESS

Applicants must submit applications electronically using this form. OFN members can also request the password by contacting Elizabeth Specht. We will not accept hard copy documents.

Timeline

  • Application period opens – May 21, 2020

OFN will review applications on a rolling basis over 12-18 months in conjunction with loan underwriting until the total amounts under the two programs are awarded.

QUESTIONS

OFN hosted a members-only informational webinar on Tuesday, May 26, 2020. A recording of the webinar and the slides from the webinar are posted in the OFN member-only COVID-19 community on CDFI Connect.

BECOME AN OFN MEMBER

Learn about eligibility and benefits and submit an application on OFN’s Members page.

We thank Google.org for generously supporting the Google.org Grant Program!