M&F Bancorp, Inc. Announces First Quarter 2020 Results

DURHAM, N.C.– M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), the parent company of M&F Bank (“Bank”), announced unaudited financial results for the first quarter of 2020 today.  James H. Sills III, President and CEO of the Company, commented, “We...

The Paycheck Protection Program

On Friday, March 27, 2020, Congress passed the CARES Act aimed at providing economic relief due to the COVID-19 pandemic. The Paycheck Protection Program (PPP) is part of this legislation to provide financial support to small businesses and non-profits. The SBA...

Paycheck Protection Program (PPP) Loan Q&A

Who can get a loan?Businesses, including self-employed and independent contractors, Nonprofits (501 C3), veterans’ organizations (501 C19) and tribal business concerns, with less than 500 employees. Where do I apply?Any federally insured depository (bank or credit...

The Paycheck Protection Program

The Paycheck Protection Program, part of the new CARES stimulus package, is a federal loan program aimed at helping small businesses who have been severely impacted by Coronavirus. In addition to the Paycheck Protection Program loan, the U.S. Small Business...

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