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Blog

Tag: Small Business

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
News

Black-Led CDFIs to Help Drive More Than $40 Million in Google Funding to Black-Owned Businesses

Minority-led CDFIs — like minority-owned businesses — often face an uneven playing field when it comes to accessing capital to grow their…

February 9, 2021
Voices

Raza Development Fund Offers Covid Relief to Latino Small Businesses with Wells Fargo Grant

Latino small business owners are the fastest-growing group of entrepreneurs in the U.S. As of 2020, there are 1.1 million minority-owned small businesses, which…

February 4, 2021
News

Six Grow with Google Small Business Loans, Google.org Grants Announced

As the COVID-19 crisis continues, CDFIs are best positioned to help small minority and women-owned businesses survive and recover from the pandemic’s economic…

January 14, 2021
News

Starbucks Announces $100 Million Investment in CDFIs and Other Impact-focused Financial Institutions

On January 12, Starbucks announced new initiatives as part of its long-standing commitment to use its scale and platform to positively impact the communities…

January 12, 2021
News

Rocky Start as SBA Re-opens Next Round of PPP Lending

As America reckons with a Titanic scale economic impact from COVID-19, we can’t afford to wait for relief for small businesses that…

January 12, 2021
News

New EBA Fund Offers Critical Support to Six OFN Member Microlenders

In early December, The Aspen Institute and the Microfinance Impact Collaborative announced the creation of the Entrepreneur Backed Assets (EBA) Fund, which will…

December 21, 2020
News

OFN Weighs in on CFPB’s Small Business Lending Data Collection Rule

OFN recently submitted comments to the Consumer Financial Protection Bureau (CFPB) as part of the agency’s process to implement Section 1071 of the Dodd-Frank financial reform…

December 15, 2020
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