By AFRO Staff
On April 14, the City of Baltimore announced a partnership with Goldman Sachs and Lendistry to provide $10 million in potentially forgivable SBA Paycheck Protection Program loans to help vulnerable Baltimore City small businesses, including non-profit organizations. Baltimore City is home to more than 12,000 small businesses that collectively account for more than 150,000 local jobs, employing mostly city residents.
This fund targets underserved businesses, including those which do not currently have a relationship with a traditional bank and will begin accepting applications immediately. This service is coupled with online technical assistance to applicants, which can be found on their homepage, mylendistry.com/login.html