IBT Staff Reporter

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By earmarking PPP loan funds to CDFIs, officials hope to help more minority-owned or very small businesses.

CDFI Lenders to Aid Very Small and Minority-Owned Businesses Through the Payment Protection Program (PPP)

To further address the shortcomings of the execution of the first round of the Payment Protection Program, on May 28, 2020, the SBA, in consultation with the U.S. Treasury Department, announced that $10 billion in funding would be reserved specifically for Community Development Financial Institutions (CDFIs).

By earmarking PPP loan funds to CDFIs, officials hope to help more minority-owned or very small businesses.

Helping Minority-Owned Businesses Get PPP Loans

On May 28 the SBA announced that $10 billion in PPP funds would be reserved specifically for Community Development Financial Institutions (CDFIs). Will that help small businesses?

By earmarking PPP loan funds to CDFIs, officials hope to help more minority-owned or very small businesses.

Helping Minority Businesses Get PPP Loans: Lender Match and CFDIs

To help minority and other underserved businesses, the SBA is earmarking $10 billion in PPP funds for Community Development Financial Institutions (CDFIs) and launching a Lender Match service.

Social distancing in place to watch the Dubai fountain show which has resumed as the Gulf emirate emerges from a lockdown

Dubai Charts A Path To Luxury Industry's New Normal

Dubai charts a path to luxury industry's new normal

Serbian President Aleksandar Vucic (R) has deftly brought the media to heel using the same 'illiberal toolbox' as Hungary's Viktor Orban, according to the US-based Freedom House.

Ahead Of Vote, Virus Emboldens Serbian President's One-man Show

Ahead of vote, virus emboldens Serbian president's one-man show

Lionel Messi and Antoine Griezmann take part in a Barcelona training session.

La Liga Gets Its Wish For Season Return But Not Without Compromise

La Liga gets its wish for season return but not without compromise

Protests against police brutality and racism have taken place in several French cities despite a ban on large gatherings

France Police To Ban Chokehold Arrest As Protest Anger Mounts

France police to ban chokehold arrest as protest anger mounts

China's economy is reopening in the wake of the pandemic and is almost alone in seeing growth this year, according to the World Bank.

Pandemic Drives Broadest Economic Collapse In 150 Years: World Bank

Pandemic drives broadest economic collapse in 150 years: World Bank

No executive has been convicted in Germany over the diesel scandal

Former Audi Boss Faces German 'Dieselgate' Trial In September

Former Audi boss faces German 'dieselgate' trial in September

PPP loan extensions may have come to late to help Matthew Meier of MaxTour, here seen photographing one of his guided groups..

What The Paycheck Program Flexibility Act Means For Small Businesses

The Paycheck Program Flexibility Act loosens up some of the Paycheck Protection Program's restrictions on loans. But what's it really mean for small businesses?

Moscow's lockdown will lift despite capital being Russia's hardest hit city in the pandemic

Moscow Lockdown To End As Russia Eases Anti-virus Measures

Moscow lockdown to end as Russia eases anti-virus measures

Sequence of pictures showing demonstrators pulling down the bronze monument to Edward Colston in Bristol and threw it into the harbour

UK Anger At Toppled Slave Trader Statue But Few Want It Back

UK anger at toppled slave trader statue but few want it back

Ehiopian Prime Minister Abiy Ahmed, pictured last week at a tree-planting ceremony

Ethiopia: Abiy Rejects Transitional Govt To Solve Election Impasse

Ethiopia: Abiy rejects transitional govt to solve election impasse

'Protecting the frontline'

Oil Giant BP To Cut 10,000 Jobs On Virus Fallout

Oil giant BP to cut 10,000 jobs on virus fallout

In 2017, Karl Lagerfeld launched the Chanel Autumn/Winter collection in Paris in front of a replica space rocket

Chanel Calls Time On Extravagant Paris Fashion Shows

Chanel calls time on extravagant Paris fashion shows

Iranian doctor Majid Taheri, who had been detained in the United States for 16 months, hugs his children upon his arrival at Tehran's Imam Khomeini International Airport on Monday

Iran Says Scientist Back Home From US After Prisoner Swap

Iran says scientist back home from US after prisoner swap

Britain rolled out a 14-day quarantine for all travellers entering the country, sparking uproar from the badly hammered aviation industry

Europe Moves Ahead With Reopening As Global Virus Cases Top 7 Mn

Europe moves ahead with reopening as global virus cases top 7 mn

The beer pumps began operating again in Brussels' bars at 11:00 am on Monday

Reopened Brussels Bars 'Invaded' By Thirsty Beerdrinkers

Reopened Brussels bars 'invaded' by thirsty beerdrinkers

A towering crane installed at the site brought up equipment

Notre-Dame Workers Start Removal Of Fire-damaged Scaffolding

Notre-Dame workers start removal of fire-damaged scaffolding

India's familiar auto rickshaws returned to the streets in Kolkata after lockdown restrictions were eased

India Re-opens Despite Record Virus Infections

India re-opens despite record virus infections

Huge and often violent protests erupted in 2019, raging for seven straight months

Hong Kong Security Law Like 'Anti-virus Software': Beijing Official

Hong Kong security law like 'anti-virus software': Beijing official

EasyJet and two other carriers have launched joint legal proceedings against the UK government's quarantine plan for visitors

Britain Starts Mandatory Self-quarantine For Arrivals

Britain starts mandatory self-quarantine for arrivals

A crowd of protesters walk from the Capitol building to the White House during a peaceful protest against police brutality and racism, on June 6, 2020 in Washington, DC

Minneapolis Council Vows Police Dismantling As Protests Continue

Minneapolis council vows police dismantling as protests continue

Fans will be allowed at this weekend's Super Rugby games in New Zealand

Crowded House: New Zealand's Super Rugby Opens Gates To Fans

Crowded house: New Zealand's Super Rugby opens gates to fans

Experts warn that in Vietnam, the lack of sex education means young people don't know enough about safe sex and some are relying on abortion as a form of birth control

Let's Talk About Sex: Vietnam's Millennials On Condoms, Consent

Let's talk about sex: Vietnam's millennials on condoms, consent

Gohar Dashti explores nature and its relationship to mankind through her photography

A World Redrawn: Iranian Photographer Sees Chance For Solidarity

A World Redrawn: Iranian photographer sees chance for solidarity

The UK government said Sunday it will reopen places of worship for individual prayer on June 15

Surge In Latin America As Global Coronavirus Toll Pass 400,000

Surge in Latin America as global coronavirus toll pass 400,000

Barcelona played Las Palmas in an empty Camp Nou in October 2017.

Unfamiliar Homes Offer Barca And Madrid Fresh Challenge In Frenzied Title Race

Unfamiliar homes offer Barca and Madrid fresh challenge in frenzied title race

Chilean writer Isabel Allende hopes the coronavirus pandemic will inspire younger generations to build a new normal based on racial and sexual equality

A World Redrawn: Isabel Allende Hopes Pandemic Will Doom 'Patriarchy'

A world redrawn: Isabel Allende hopes pandemic will doom 'patriarchy'

Germany hosts more US troops than any other country in Europe, a legacy of the Allied occupation after World War II

Trump Plan To Slash US Troops Sparks Concern In Germany

Trump plan to slash US troops sparks concern in Germany

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