Small Business
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![[Watch] A Year of Crisis, and Now What? Where Our Main Streets Go From Here](https://fedcommunities.org/wp-content/uploads/2021/04/small-business-closed-covid19-1920x1280-1.jpg?w=1024)
[Watch] A Year of Crisis, and Now What? Where Our Main Streets Go From Here
Minority small-business owners and community lenders joined us for a virtual event to discuss where they are at this stage of the pandemic, what they need going forward, and who can and should help. Watch on demand.
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What do CDFIs need in 2021? Federal Reserve survey aims to find out
The Federal Reserve wants to hear about challenges facing Community Development Financial Institutions to help inform policy recommendations and programs. Take the 2021 CDFI survey March 22 – April 23, 2021.
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‘The future … remains unpredictable’: Nonprofit and community lender team up for Philly’s Chinatown
When the COVID-19 pandemic spread here, the Philadelphia Chinatown Development Corporation used Paycheck Protection Program money to help residents and businesses. More support will be necessary.
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‘Like Family’: Struggling Small Businesses Appreciate Community Bank’s Reaching Out
“Customers told us, ‘You saved our businesses. You saved jobs. We wouldn’t have made it if you guys weren’t here and didn’t walk us through this.'”
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Survey findings highlight CDFI adaptability despite COVID-19 uncertainty
From Jul 20–Aug 14, 2020, the Fed surveyed 229 community development financial institutions during COVID-19. Here’s how they responded.
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‘A Real Trying Time’: Community Lender Gets Much-Needed Dough to Cheesesteak Restaurant
Kansas City’s Steak’M Take’M needed help when the pandemic paralyzed the economy. A lender supporting minority-owned businesses provided PPP relief, made to order.
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‘A Fish with Very Little Water’: Businesses Deep in the Desert Qualify for PPP Loans with Help from Rural Lender
Germaine Simonson owns essential businesses in Arizona’s Navajo Nation. Parched for support, she turned to a rural lender to get through the pandemic dry spell.
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‘I Can’t Believe I Got a Real Person’: Small Bank Answers Businesses’ Cries for Help
PPP money has reached a range of businesses, but it didn’t come easily for many. An accounting firm in Los Angeles experienced the struggle on behalf of its clients—and firsthand.
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‘I Never Lost Hope’: Minority-Owned Eatery Gets Lifeline from Community Lender
Thanks to a PPP loan, San Francisco-based Tommy’s Mexican Restaurant has kept people working and margaritas pouring during the COVID-19 pandemic.
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Struggle for Access: Small lenders, small businesses, and the Paycheck Protection Program
What happens when a small business falls under the radar of the nation’s largest lenders during a pandemic?