Wells Fargo commits $200,000 to CDFI Bronze Valley
Black-led CDFI Bronze Valley, a member of CDFI intermediary Appalachian Community Capital Development Foundation, will receive $200,000 to help minority-owned small businesses in Birmingham. Bronze Valley is a nonprofit that supports high-growth innovation and technology-abled companies created by diverse and underrepresented founders.
Source: Birmingham Business Journal
SBA Continues Slow Rollout of $30B Targeted EIDL Advance Grant Program
Trickle of funding from the SBA through its Targeted EIDL Advance program comes in stark contrast to the rapid exhaustion of grant programs such as the $28.6 billion Restaurant Revitalization Fund.
Source: The Business Journals
SBA Emailing Small Businesses To Apply for Up to $10K Grants
The Small Business Administration sent emails to more than 11.8 million small businesses inviting them to apply for Targeted EIDL Advances. While many may qualify, a large number are missing out because they are mistaking the email for a scam.
SBA preparing new PPP loan forgiveness portal for small businesses
The portal could help small business owners deal with a non-responsive lender, said Erik Asgeirsson, president and CEO of the Association of International Certified Professional Accountants.
Source: Cleveland Business Journal