Recent News
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Thursday, Apr 30, 2020Posted in: CDFIs, Community Development
CDFIs are responding to borrowers in crisis
Community Development Financial Institutions (CDFIs) like Rural Community Assistance Corporation are responding to borrowers in crisis in communities from coast to coast. Each of our organizations is fielding dozens of calls a day from borrowers struggling with how to survive lost revenue and canceled programming, how to keep people employed, and even whether to close their doors entirely.
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Monday, Apr 27, 2020Posted in: Featured News, Louis Martin, Rural America, Small Business
Ceniarth commits an initial $3 million in zero-interest loans to extend CDFIs’ lending power
Ceniarth LLC, a private foundation focused on funding market-based solutions benefiting underserved communities, has committed an initial $3 million in zero-interest loans to Rural Community Assistance Corporation (RCAC) to bolster its ability to continue to lend under the Paycheck Protection Program (PPP).
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Friday, Apr 24, 2020Posted in: Featured News, Rural America
Paycheck Protection Program (PPP) update
The Paycheck Protection Program (“PPP”) authorizes up to $659 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone.
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