"We are thrilled to participate in the SOAR initiative, which aligns well with our long-held mission to provide access to capital in under-served communities," said Daniel Marsh, President and CEO of the National Development Council (NDC). "As a small business lender and provider of PPP loans, we know how challenging it can be to reach communities of color, but our track record shows it can be done. And SOAR is another significant pathway to helping small businesses get back on their feet and thriving again."
NDC is excited to be a participating lender for a new program aimed at getting small businesses and nonprofits across the South affordable capital and critical business support at a time when they need it the most.
¿Todavía tiene preguntas sobre el Programa de protección de cheques de pago (PPP)? Lo escuchamos ... y estamos aquí para ayudar, NDC ha puesto a disposición el siguiente seminario web para ayudar a responder algunas de esas preguntas. En este seminario web, un oficial de préstamos de NDC
NDC’s Community Impact Loan Fund targets lending in low- and moderate-income areas, especially businesses owned by women and minorities, and nonprofits that provide services to underserved populations
Recording now available. Congress just passed a 5,000-page package of Covid relief and new federal spending – the first pandemic relief legislation in almost 8 months. The package includes the largest
Post-election, there is a lot of legislative work for Congress to complete in the remaining weeks of the 116th session. In addition to the unknowns of the current health pandemic and economic fallout, the outcome of the election on the White House and Congress will have a big impact on how and when there will be deals on another round of COVID-19 relief, tax extenders, and Fiscal Year (FY) 2021 appropriations.
Due to the continued uncertainty regarding the coronavirus (COVID-19), NDC made the decision earlier this month to postpone all open, in-person classes for the remainder of 2020. At the same time – we’re committed to delivering all of our scheduled training sessions for 2020 through online formats to ensure that our students can build the development finance skills they need to serve their communities, their organizations and their careers.
Under the Paycheck Protection Program (PPP) loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. The Treasury Department and Small Business Administration recently released an eleven-page borrower application form and instructions for loan forgiveness. People have a lot of questions.
NDC is a partner in a new program that will target small businesses in New York State focusing on WMBEs, non-profits, and small landlords that did not receive Federal COVID-19 assistance.
An Overview of the PPP Application Requirements