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Blog

Category: News

News

CDFIs Call for $1 Billion in New CDFI Fund Grants as PPP Misses the Mark

Updated April 30, 2020 As Congress begins drafting “Phase 4” legislation to address the continuing health and economic impacts of COVID-19, OFN is strongly…

April 22, 2020
News

Wall Street Journal Article Highlights Barriers to CDFI Paycheck Protection Program Access

In an article published April 14 by The Wall Street Journal, reporter Amara Omeokwe highlighted the important role community lenders play in ensuring SBA Paycheck Protection Program…

April 14, 2020
News

The New York Times: OFN Advocates for More CDFI Participation in PPP

In the best of times, many black-owned business owners across the U.S. struggle to obtain bank financing to start or grow their…

April 13, 2020
News

ImpactAlpha: Community Banks Bridging Racial Gaps in COVID-19 Recovery

On April 9, impact investing news outlet ImpactAlpha published an article highlighting community development financial institutions (CDFIs) as “financial first responders” for small businesses most impacted…

April 9, 2020
News

Goldman Sachs CEO Talks CDFI Partnership on CBS This Morning

On April 9, Goldman Sachs CEO David Solomon spoke with Gayle King on “CBS This Morning” about partnering with CDFIs on the new CARES…

April 9, 2020
News

CNBC Op-Ed: Community Loan Funds Can Fix Flaws in Paycheck Protection Program

On April 6, CNBC published an op-ed by Seth Levine, founding partner of Foundry Group, and Elizabeth MacBride, founder of Times of Entrepreneurship, that details…

April 7, 2020
News

Southern Bancorp CEO Darrin Williams Talks Paycheck Protection Program on Fox News

On Saturday, April 4, Southern Bancorp CEO Darrin Williams appeared on Fox News with correspondent Leland Vittert to discuss the rollout of the…

April 6, 2020
News

OFN Announces Grow with Google Small Business Fund

OFN announced today that we are working with Google to launch the Grow with Google Small Business Fund. The $125 million fund will…

March 27, 2020
News

Congress Enacts $2 Trillion COVID-19 Emergency Response

By a vote of 96-0, on March 25 the US Senate passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, which…

March 27, 2020
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In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: [email protected].

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