News Related to Covid-19 and our Industry

Need a Paycheck Protection Program Loan, or Just a Bank That Cares? Here's How to Find One

CapNexus was recently listed alongside other helpful platforms in this Next City article as a resource to find banks or credit unions accepting applications for government-guaranteed loans under the Paycheck... Read more

Small Business Relief Tracker: Funding, Grants and Resources for Business Owners Grappling with Coronavirus

Some 30 million American small businesses are high on the coronavirus’ list of victims. ... Read more

USDA Unveils Tool to Help Rural Communities Address the COVID-19 Pandemic

U.S. Secretary of Agriculture Sonny Perdue unveiled a one-stop-shop of federal programs that can be used by rural communities, organizations and individuals impacted by the COVID-19 pandemic.

What are Banks Doing to Address the Impacts of COVID-19 on LMI Communities?

Lessons from history show that those who are most disadvantaged before a disaster are likely to be most vulnerable during a disaster as well as on the road to recovery. As the novel coronavirus continues to spread, we are... Read more

Implementing Safety Practices for Critical Infrastructure Workers Who May Have Had Exposure to a Person with Suspected or Confirmed COVID-19

To ensure continuity of operations of essential functions, CDC advises that critical infrastructure workers may be permitted to continue work following potential exposure to COVID-19, provided they remain asymptomatic and additional precautions... Read more

Key COVID-19 Response Strategies for Development Finance Agencies

Development finance has always been at the forefront of recovering from natural disasters and economic challenges. The emergence of the COVID-19 crisis requires a unique and targeted response by the federal government, state and local development... Read more

The Small Business Owner's Guide to the CARES ACT

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many... Read more

Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)

On Tuesday, April 7, 2020, the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the... Read more

Community Development Bankers Association COVID-19 Resource Page

The coronavirus pandemic has caused enormous disruption in a very short period of time. In response, Community Development Bankers Association (CDBA) has assigned a section of their website to host vital, current information to help us manage our... Read more

Congratulations to All FY 2019 Capital Magnet Fund Awardees!

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $130.9 million for the development of affordable housing and community facilities in low-income communities.

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