Tuesday, June 2, 2020

SBA sets aside $10 billion of PPP for Community Development Financial Institutiosn

https://home.treasury.gov/news/press-releases/sm1020

 

CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses…. As of May 23, 2020, CDFIs have approved more than $7 billion ($3.2 billion in Round 2) in PPP loans.  The additional $6.8 billion will ensure that entrepreneurs and small business owners in all communities have easy access to the financial system, and that they receive much-needed capital to maintain their workforces."

 

Charlie Cooper

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