Browsing Category Archives

Based on “Small Business”.

New community investments spur growth in CDFIs

A new report from the Federal Reserve Bank of New York highlights several major private sector investments to financial intermediaries, such as CDFIs, that drove large amounts of capital to underserved communities during the global pandemic and beyond.

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.