Minority and women-owned small businesses, and other underserved local businesses, are facing unprecedented challenges as they navigate COVID-19. The Grow with Google Small Business Fund will help these businesses—especially those in distressed communities—survive this unprecedented crisis. The Fund will allow community development financial institutions (CDFIs) to support both the short-term recovery and long-term financing needs of America’s small businesses.
How Small Business Owners Can Access the Fund
CDFIs are at work in all 50 states, the District of Columbia, Guam, and Puerto Rico. Each CDFI serves a distinct market and offers distinct products and services. All share a common mission to expand economic opportunity and improve the quality of life for communities underserved by mainstream finance.
To learn more about finding and working with a CDFI that fits your needs, visit our Small Business Finance page.
The Fund will provide to CDFIs low-cost, fixed-rate loans of up to 10-years with an option for interest deferral. Additional information about terms is included in the application form.
The Fund is reserved for OFN member CDFIs serving for-profit and nonprofit businesses.
The application period is now closed.
If you wish to become an OFN member, learn about eligibility and access an application form.
As of August 19, 2020, the following CDFIs have received loans from the Grow with Google Small Business Fund: