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Blog

Tag: Small Business

News

OFN Members Testify at Hearing on CDFI and MDI Small Business Lending

On May 18, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing entitled, “Examining the Role…

May 20, 2021
News

OFN Members Testify at Senate Banking Hearing on Rural Investment

On April 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing entitled, “An Economy that Works For Everyone: Investing…

April 29, 2021
News

American Express to Invest $40 Million in Underfunded Small Businesses through Accion Opportunity Fund

On April 20, American Express and OFN member Accion Opportunity Fund announced a new program to provide loans and other resources to…

April 21, 2021
News

Grow with Google Small Business Fund Marks One Year

From the first days of COVID-19, CDFIs have been on the pandemic’s front line, providing financial support and services to small businesses,…

April 8, 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
News

Comcast Announces $5 million Grant Program for BIPOC-owned Small Businesses

Comcast has announced the next element of Comcast RISE – the Comcast RISE Investment Fund. This $5 million grant program will provide 100 individual…

February 9, 2021
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