SBA and Treasury Department Announce $10 Billion for CDFIs to Participate in the Paycheck Protection Program

Release Date:  Thursday, May 28, 2020

WASHINGTON – Today, 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).  CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses.  These dedicated funds will further ensure that the PPP reaches all communities in need of relief during the COVID-19 pandemic – a key priority for President Trump. More…..(en more que la gente vaya al lind de abajo

 

https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-and-treasury-department-announce-10-billion-cdfis-participate-paycheck-protection-program?utm_medium=email&utm_source=govdelivery

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