The Trump administration announced on Thursday that it is setting aside $10 billion of additional Paycheck Protection Program (PPP) funding so that small business owners in all communities have access to needed capital to keep American workers employed.
The Treasury Department and the Small Business Administration (SBA) said in a joint news release that the funds, which are being supplied in a second funding round under the PPP scheme, will be lent exclusively by Community Development Financial Institutions (CDFIs), which work to expand economic opportunity in low-income communities.
