News
While initially sidelined, once CDFIs were brought in as PPP lenders they swiftly mobilized to help many of the smallest of these businesses—and recent data shows CDFI performance outpaced the larger lenders in the program. ...
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
In an article published April 14 by The Wall Street Journal, reporter Amara Omeokwe highlighted the important role community lenders play in ensuring SBA...
In the best of times, many black-owned business owners across the U.S. struggle to obtain bank financing to start or grow their small businesses. In COVID-19 America, these same entrepreneurs are finding it challenging to access relief through the Paycheck Protection Program (PPP), ...