Blog
Tag: Paycheck Protection Program (PPP)
Policymakers Highlight Impact of CDFIs and MDIs in Small Business Lending During House Financial Services Hearing
On February 17, the House Committee on Financial Services Subcommittee on Consumer Protection and Financial Institutions held a hearing entitled, “Small Businesses,…
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…
PPP Winds Down with CDFIs as Top Lenders
The application window for PPP loans closed on May 31 and the final numbers are in. Community Financial Institutions (CFIs) — a…
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,…
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…
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,…
Take Action to Support $1 Billion for CDFIs!
In the past year, more has been asked of the CDFI industry than ever before, and CDFIs have stepped up to serve…