Announcing Latest OFN Member CDFIs to Receive Google Funding

OFN is pleased to announce the latest round of Grow with Google Small Business Fund loans and grants to member CDFIs across the nation as we near full deployment of program funds.

To date, OFN has disbursed $147.5 million in loans and grants to member CDFIs, of the total $180 committed by Google and in 2020. This funding continues to support both the short-term recovery and long-term financing needs of America’s small businesses.

We congratulate the following CDFIs:

  • ICA Fund, formerly ICA Fund Good Jobs, is an Oakland-based nonprofit and CDFI that accelerates and invests in high-impact San Francisco Bay Area businesses — a majority of which are run by women and people of color — that are committed to creating good jobs and long-term wealth for their employees. ICA also helps underestimated entrepreneurs strengthen the fundamentals of their businesses, develop a robust growth plan, and prepare to secure additional investments.
  • Nonprofit Finance Fund(NFF) is a nonprofit lender and consultant with 40 years of national and hyperlocal experience helping mission-driven organizations drive positive change. NFF loans and other financing help meet the needs of underserved communities and the organizations that work with them, whether that’s fighting homelessness in California, running a charter school in Tennessee, helping immigrants in New York, or meeting health needs in Texas.
  • PIDC Community Capitaldelivers additional resources to Philadelphia’s underserved, low-income communities. PIDC Community Capital builds sustainable neighborhoods and revitalizes business corridors by investing in small businesses through financial assistance and technical assistance as well as through financing priority development projects.
  • Propel Nonprofits provides capacity-building services and access to capital to support nonprofits in achieving their missions, including the ability to link strategy, governance, and finance and to support nonprofits throughout their organizational lifecycle. Propel Nonprofits was created from the 2017 merger of Nonprofits Assistance Fund and MAP for Nonprofits

Visit OFN’s website to learn more and see the full list of loan and grant recipients to date.

Tags: , , ,