Paycheck Protection Program (PPP)

MLWG members were among the 59 CDCs, CDFIs, and microlenders that collectively approved PPP loans..

MLWG members were among the 59 CDCs, CDFIs, and microlenders that collectively approved PPP loans to nearly 27,000 underserved small businesses totaling over $1 billion, with an average loan size of about $37,000. Opportunity Finance Network's analysis found that CDFI lenders approved far more PPP loans as a share of the organizations' net assets than did the largest bank PPP lender.