The Grow with Google Small Business Fund is a $125 million fund that will enable CDFIs to support both the short-term recovery and long-term financing needs of America's small businesses, including nonprofits--especially those in distressed... Read more
A non-bank lender now meets the criteria to be a PPP lender and may be approved to make PPP loans if it has originated, maintained, or serviced more than $10 million in business loans or other commercial financial receivables during a 12-month... Read more
The Small Business Administration (SBA), in consultation with the Department of Treasury, is providing this guidance to assist businesses in calculating their payroll costs for purposes of determining that amount of a Paycheck Protection Program... Read more
On April 24, 2020, President Donald Trump signed a $484 billion supplemental relief bill that adds $310 billion to the Paycheck Protection Program (PPP), the program intended to help small businesses and nonprofits survive the economic shutdown.... Read more
Congress created the Paycheck Protection Program as part of last month's $2 trillion economic relief package, intending it as a lifeline for small shops so they could keep paying workers even if they had no customers. The money, which ultimately... Read more
Not even 10 minutes after a government relief loan program for small businesses relaunched on Monday, lenders reported that the U.S. Small Business Administration system was overwhelmed and inaccessible with a flood of applications.
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Through various mechanisms, the federal government has issued several forms of tax relief to real estate and agricultural businesses impacted by the current COVID-19 pandemic. The majority of the tax relief was included in the Coronavirus Aid,... Read more
Finance Fund has announced that their grant cycle will open Monday, June 1st, 2020 and remain open for approximately 45 days. Finance Fund works with non-profit community-based organizations that need seed funding to determine project feasibility... Read more
The neighborhoods hardest hit by COVID-19 job losses are home to workers in industries like tourism and transportation, which are bearing the brunt of the economic shutdown. To identify which neighborhoods are most at risk, The Urban Institute ... Read more