WASHINGTON – May 28, the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs). “We have received bipartisan support for dedicating these funds for CDFIs to ensure that traditionally underserved […]
WHAT HAPPENED TO THAT $350 BILLION DOLLARS THE GOVERNMENT ALLOCATED TO KEEP SMALL BUSINESSES AFLOAT DURING THE CORONAVIRUS PANDEMIC? Last week, tens of thousands small business owners stood on long lines at their banks to fill out applications for the Paycheck Protection Program, but so far, few, if any, have received any money to keep their […]
The Coronavirus Aid, Relief, and Economic Security Act sets aside $350 billion for small business loans to provide economic relief in 2020. Here’s how to get one of these loans. Due to the breadth and scope of COVID-19’s impact on the American economy, all U.S. small businesses are eligible for a disaster relief loan from the SBA. […]
Accion has launched its COVID-19 Relief Program with the aim of helping over 2,000 small business owners withstand and recover from the COVID-19 pandemic, preserving critical jobs and livelihoods. NEW YORK, NY – March 24, 2020 – The spread of COVID-19 has taken a devastating toll on small businesses and the clients we serve at Accion. While […]
