Grant Program Funded by Google.org
Overview
OFN launched this grant program with funding from Google.org to provide critically needed funds to CDFIs lending to businesses in the most financially underserved communities across America. These grants enabled member CDFIs to offer lower cost, more flexible loan products, and build capacity to support both the short-term recovery and long-term financing needs of the small businesses they serve, including nonprofits.
OFN awarded $8.5 million in grants on a rolling basis to member CDFIs in conjunction with a new loan or loan renewal from OFN. Awardees used grant proceeds for operations, loan capital, loan loss reserves, capacity building, or other purposes that supported the objectives of the grant programs.
Are you a small business looking for funding? Visit About CDFIs for Prospective Clients to learn more about finding and working with a CDFI that fits your needs.
Increasing Capital and Capacity in America’s Communities
This report is a snapshot of the early impact Google and Google.org funding has had on CDFIs and the small and medium-sized businesses they’ve supported during the Covid-19 pandemic. See a condensed version of the report here.
Read stories about small businesses supported through the OFN Grant Program Funded by Google.org.
Learn more about Google.org grant recipients:
- Access to Capital for Entrepreneurs (ACE)
- Access Plus Capital
- Accompany Capital
- ACT! Albany Community Together, Inc.
- African Development Center
- Allies for Community Business
- Appalachian Community Capital (ACC)
- Ascendus
- Black Business Investment Fund (BBIF)
- BOC Capital
- Bridgeway Capital
- California FarmLink
- Citizens Potawatomi Community Development Corporation
- Communities Unlimited
- Community First Fund
- Community Vision Capital & Consulting
- CommunityWorks
- Craft3
- Entrepreneur Fund
- The Enterprise Center Capital Corporation
- Finance Fund Capital Corporation
- Grameen America
- Harlem Entrepreneurial Fund
- Hope Enterprise Corporation
- ICA Fund
- Justine PETERSEN Housing and Reinvestment Corporation
- Latino Economic Development Center (LEDC)
- LiftFund
- Main Street Launch
- Metropolitan Economic Development Association (Meda)
- Mountain Association
- National Association for Latino Community Asset Builders (NALCAB)
- New Jersey Community Capital (NJCC)
- Opportunity Fund
- Opportunity Resource Fund
- Pacific Community Ventures
- People Trust
- PeopleFund
- PIDC Community Capital
- Primary Care Development Corporation
- Propel Nonprofits
- Renaissance Community Loan Fund
- Shared Capital Cooperative
- Southern Bancorp
- True Access Capital
- TruFund Financial Services
- Washington Area Community Investment Fund (Wacif)
- Wisconsin Women’s Business Initiative Corporation (WWBIC)
- WomenVenture
- Working Solutions
- The Working World dba Seed Commons