SBA, Treasury Allocate $10B to PPP for CDFIs; Jovita Carranza, Steven Mnuchin Quoted
The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury (USDT), plans to allocate $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to exclusively support Community Development Financial Institutions (CDFIs), the SBA announced Thursday.