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.
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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