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Based on “Press Release”.

Rural Community Assistance Corporation receives $5 million from Grow with Google Small Business Fund loan to help small businesses recover from COVID-19

West Sacramento, Calif. — Rural Community Assistance Corporation (RCAC) announced today it received a Grow with Google Small Business Fund loan from Opportunity Finance Network (OFN). The community development financial institution (CDFI) will deploy the loan to small businesses in rural communities throughout the West hurt by the economic impact of COVID-19.

Paycheck Protection Program deadline is extended

The Paycheck Protection Program (PPP) deadline has been extended to August 8. Since March, RCAC’s staff has worked hard to process more than 85 PPP loans for small businesses that have been impacted by COVID-19, and with this extension, we have the opportunity to do more.