Chance Finance Network (OFN) announces $15.5 million in loans to five CDFIs and $750,000 in funds to six CDFIs serving minority and women-owned companies in rural, metropolitan, and Native communities hardest struck by COVID-19
Bing to offer OFN an extra $50 million in funds dedicated to the Black-owned businesses that are small
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WASHINGTON /PRNewswire/ — Today, chance Finance system (OFN) announced the round that is first of with Bing small company Fund loans and funds from Bing. Five community development finance institutions (CDFIs) have obtained a complete of $15.5 million in loans. These funds will likely be implemented to small enterprises harmed because of the financial effect of COVID-19 and unrest that is civil. In addition, OFN will circulate $750,000 in Google-funded funds to simply help six CDFIs better provide women and minority-owned small enterprises.
Today in a post, Bing’s CEO Sundar Pichai announced that the business provides OFN an extra $45 million in loans and $5 million in Bing funds to help smaller businesses, with a give attention to Black-owned companies. As a whole, Bing has committed $170 million in loans and ten dollars million in Bing funds. Verder lezen OFN Awards Very Very Very Very First Round Of Grow With Bing Business Fund Loans And Bing Grants To Greatly Help Smaller Businesses Recover Nationwide