latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/goldman-sachs-increases-capital-commitment-to-small-businesses-57957249 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Goldman Sachs increases capital commitment to small businesses

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks


Goldman Sachs increases capital commitment to small businesses

Goldman Sachs Group Inc. increased its capital commitment to small businesses negatively impacted by the novel coronavirus pandemic to $500 million, Chairman and CEO David Solomon said April 7 in a White House video conference with President Donald Trump, administration officials and other financial services industry executives.

The investment banking giant said in an April 2 news release that it will spend $300 million to assist small businesses and communities impacted by the pandemic, of which $275 million will be spent to create a small-business stimulus package of low-interest emergency loans to small businesses in the U.S. and grants to community development financial institutions and other lenders.

Solomon also said in his prepared remarks that with the increase in capital commitment to small businesses, Goldman has increased its novel coronavirus pandemic relief efforts to $550 million.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis anytime here.