Minority and women-owned small businesses, and other local businesses underserved by mainstream finance, continue to face unprecedented challenges resulting from COVID-19 and longstanding racial inequity. The Grow with Google Small Business Fund aims to help these businesses overcome these crises.
The fund’s long-term, low-cost capital is helping OFN member community development financial institutions (CDFIs) support both the short-term recovery and long-term financing needs of the small for-profit and nonprofit businesses they serve across America. In December 2021, OFN reached full deployment of the fund through $168.8 million in loans to member CDFIs.
Are you a small business looking for funding? Visit About CDFIs for Prospective Clients to learn more about finding and working with a CDFI that fits your needs.