News OFN Joins Bipartisan Policy Center’s New ‘Task Force on the Future of SBA’ Small businesses in every part of the country have struggled mightily during the COVID-19 pandemic. Many have survived only due to unprecedented… October 18, 2021
News SBA Rolls Out New PPP Forgiveness Application Portal and Guidance After months of urging by smaller lenders and OFN, the Small Business Administration (SBA) released new guidance to simplify the forgiveness process… August 2, 2021
News SBA Launches $100 Million Community Navigator Pilot Program On May 25, the U.S. Small Business Administration announced that it is accepting applications for its new Community Navigator Pilot Program. This… May 26, 2021
News CDFIs Continue to Outperform Other PPP Lenders As of May 5, the only lenders still authorized to process Paycheck Protection Program (PPP) applications until the May 31 deadline are CDFIs,… May 25, 2021
News President Biden Signs Bill Extending PPP to May 31 On March 30, President Biden signed the Paycheck Protection Program (PPP) Extension Act which extends the program to May 31 from the original application deadline of March… March 31, 2021
Events, News Lisa Mensah Testifies Before Senate Small Business and Entrepreneurship Committee On March 17, the U.S. Senate Committee on Small Business & Entrepreneurship held a hearing entitled “The Paycheck Protection Program: Performance, Impact,… March 19, 2021
News State Small Business Credit Initiative Funded in the American Rescue Plan On March 11, President Biden signed the $1.9 trillion American Rescue Plan into law. One significant provision of the bill for CDFIs is $10… March 18, 2021
News Biden Reforms to Paycheck Protection Program Advantage Smallest Businesses On February 22, the Biden Administration announced changes to the Paycheck Protection Program (PPP) designed to deepen the program’s ability to reach very small… February 25, 2021
