The Payroll Protection Program is an expansion of a program for banks and credit unions. It offers virtually nothing to nonprofit small-business lenders.
Data on the pandemic shows once again the dramatic consequences of racial inequalities. CDFIs must focus on ensuring equity for Black-owned businesses.
CDFIs and nonprofits are figuring out how to help formerly incarcerated people build credit histories and access capital in order to get their lives going.
We are definitely in some danger of losing a connection to the animating social movements that gave rise to the industry.