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
The House passed the $484 billion... Read more
This week, the U.S. Department of the Treasury issued guidance and application materials for eligible state and local governments that can apply for the newly created $150 billion Coronavirus Relief Fund, established through the CARES Act.... Read more
Aeris Performance Maps, a subscription service of quarterly financial updates on CDFIs, helps investors keep abreast of key performance indicators in these fast-changing times. Aeris is now offering this service free through yearend 2020 to... Read more
Some 30 million American small businesses are high on the coronavirus’ list of victims. ... Read more