“Given what’s happening with the pandemic, it’s so critical we continue our longstanding legacy of supporting small businesses by reinvesting and bringing a whole future generation into the program at this time,” says David Solomon, chairman and CEO of Goldman Sachs.
Of the $1 billion Goldman Sachs has committed this year, $750 million provided emergency loans to small businesses through Community Development Financial Institutions (CDFIs) and other mission-driven lenders. Some $25 million in grants to CDFIs and mission-driven lenders have facilitated and expedited the loan underwriting process.
