COVID-19

Philadelphia Chinatown Gates
By Michelle Park Lazette
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.
Assisted Living
By Benjamin Horowitz
"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.'"
Perspectives from Main Street
By Nishesh Chalise, Daniel Paul Davis, Michael Grover, Violeta Gutkowski, David Kaufmann, Karen Leone de Nie
Throughout 2020, the Federal Reserve surveyed nonprofits, financial institutions, government agencies, and other community organizations to understand the effects of COVID-19 on low- to moderate-income communities and the entities serving them. Here's what they found.
By Kate Brown
From Jul 20–Aug 14, 2020, the Fed surveyed 229 community development financial institutions during COVID-19. Here's how they responded.
Steak’M Take’M
By Michelle Park Lazette
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.
Germaine Simonson
By Michelle Park Lazette
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.
Los Angeles Koreatown
By Michelle Park Lazette
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.
Tommy's Mexican Restaurant
By Michelle Park Lazette
Thanks to a PPP loan, San Francisco-based Tommy’s Mexican Restaurant has kept people working and margaritas pouring during the COVID-19 pandemic.
Think Big Shop Small Sign
By Anne O’Shaughnessy
What happens when a small business falls under the radar of the nation’s largest lenders during a pandemic?