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Blog

Tag: Small Business

News

New Grow with Google Small Business Loans Announced

CDFIs are on the front lines of the fight for social, economic, and political justice, and they are financial first responders during crisis. In…

August 28, 2020
News

Lisa Mensah and Nate Hurst on “American Resilience: The Future of Small Business”

On July 30, OFN’s president and CEO Lisa Mensah spoke with Wells Fargo’s Nate Hurst, EVP, Sustainability & Social Impact, about “American…

August 10, 2020
News

SBA Announces New Community Advantage Recovery Loan Program

The Small Business Administration (SBA) recently announced a new COVID-19 recovery program, the Community Advantage (CA) Recovery Loan Program, that allows eligible CA Lenders…

July 22, 2020
News

OFN Awards Second Round of Google Financing

OFN is pleased to announce the second round of Grow with Google Small Business Fund loans and Google.org-funded grants. In this round,…

July 22, 2020
News

OFN and HSBC Bank Deploy $25 Million Through CDFI Investment Fund

In August 2018, OFN and HSBC Bank USA established the Good to Grow CDFI Investment Fund (G2G Fund) to expand the flow of…

July 16, 2020
News, Voices

Wells Fargo Launches $400 Million Small Business Recovery Effort

In April 2020, Wells Fargo CEO Charlie Scharf made an industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program back…

July 9, 2020
News

CDFIs Outperform Other Paycheck Protection Program (PPP) Lenders

Updated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of…

June 29, 2020
News

JPMorgan Chase Institute Releases Report on Early Impact of COVID-19 on Small Business

The JPMorgan Chase Institute has released research on the early impact of COVID-19 on small business finances—including cash balances, revenues, and expenses—during the…

June 24, 2020
News

Google Announces New $50 Million Investment in CDFIs and Black Community

On June 17, Alphabet and Google Sr. Vice President & CFO Ruth Porat published a blog post regarding the company’s commitment to helping small businesses…

June 18, 2020
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