More PPP Funds Would Help CDFIs Lend Money To Micro Businesses
PYMNTS
APRIL 14, 2020
Ruben Alonso, president of the CDFI loan fund AltCap in Kansas City, Mo., Those loans are forgivable if used primarily for payroll over the course of eight weeks. Many of the 350 businesses served by Mountain BizWorks are headed by women and minorities or are based in low-income, rural areas.
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