Home » Economy » Ivanka Trump helps Treasury secure $10B funding for minority-owned small businesses
Ivanka Trump helps Treasury secure $10B funding for minority-owned small businesses
Ivanka Trump thanks banking CEOs for help with small business relief efforts
President Trump’s senior adviser Ivanka Trump discusses the actions banks have taken to help give relief to small businesses impacted by the coronavirus pandemic.
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Ivanka Trump, senior adviser to President Trump, is working closely with the Treasury Department and Small Business Administration to help allocate $10 billion in funding for minority-owned small businesses affected by the coronavirus pandemic.
The Payment Protection Program (PPP) funding will go toward Community Development Financial Institutions (CDFIs), which have so far received $7 billion in approved funding for 95,000 loans, the SBA announced Thursday.
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"As the administration continues to assist our nation’s small businesses, it is critical that we maintain a vigilant focus on assisting those that need it most – specifically those in minority, underserved and rural communities," Ivanka Trump said in a Thursday statement.