U.S. Department of Commerce to Invest $3.9 Million in CARES Act Funding to Capitalize Revolving Loan Fund

September 29, 2020

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.9 million EDA CARES Act Recovery Assistance grant to NDC to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to small businesses and entrepreneurs adversely affected by the coronavirus pandemic across […]

NDC GAF Receives Award from U.S. Treasury to Support Economic Growth in Low-Income and Distressed Communities

September 24, 2020

Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards. The awards, through the fiscal year (FY) 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs […]

NDC Urges Congress to Move Beyond PPP to Help Small Businesses

September 21, 2020

From crisis to recovery to expansion, Congress should modify the existing SBA lending program to meet the needs of this critical moment As Congress debates another stimulus bill, addressing the looming small business disaster requires a new approach immediately. Merely adding more money to the Paycheck Protection Program is not a small business recovery plan. […]