Paycheck Protection Program (PPP)

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.