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PPP Reports Released, New Court Ruling on Borrower Eligibility
Mary Scott Hardwick / May 19, 2020 / Policy

Recently two reports on the Paycheck Protection Program (PPP) were released. In addition, a U.S. District Court in Michigan ruled that the SBA cannot limit which small businesses are eligible for the PPP:

Reports Released

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Paycheck Protection Program: Update on CDFI Eligibility
Mary Scott Hardwick / April 7, 2020 / Policy

Yesterday, OFN President and CEO Lisa Mensah and other members of the OFN team spoke with U.S.

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Southern Bancorp CEO Darrin Williams Talks Paycheck Protection Program on Fox News
/ April 6, 2020 / Newswire

On Saturday, April 4, Southern Bancorp CEO Darrin Williams appeared on Fox News with correspondent Leland Vittert to discuss the rollout of the new SBA Paycheck Protection Program and how Southern Bancorp and other CDFIs and community banks are managing the influx of loan applications and...

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Congress Enacts $2 Trillion COVID-19 Emergency Response
Jennifer A. Vasiloff / March 27, 2020 / Policy

By a vote of 96-0, on March 25 the US Senate passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, which commits $2 trillion in emergency spending to address the COVID-19 (coronavirus) crisis.

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