Trending...
- FDA-Cleared Zeta TMS Robotic System Moves Toward Deployment as FDA, DARPA and Commercial Catalysts Converge: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Baird Medical Turns Global Expansion Into Tangible Growth: N A S D A Q: BDMD Posts 25% Revenue Surge as U.S. and International Markets Accelerate
- Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
CHARLOTTE, N.C., March 27, 2024 ~ Bank of America Launches New Platform to Connect Small Businesses with Capital and Support
In an effort to support entrepreneurs and small business owners, Bank of America has recently launched the Access to Capital Connector. This online platform is designed to connect small businesses with local Community Development Financial Institutions (CDFIs) and other business support organizations for capital, coaching, and resources.
The Access to Capital Connector was created in partnership with Community Reinvestment Fund, USA (CRF), a national nonprofit CDFI and long-time partner of Bank of America. The platform allows small business applicants to answer a series of questions in order to become pre-qualified. It then presents them with a list of participating organizations that are best suited to meet their specific needs. Currently, over 150 CDFIs and other support organizations are participating on the platform, offering capital and resources for entrepreneurs at every stage of their business journey.
More on ncarol.com
According to Sharon Miller, President of Small Business for Bank of America, thousands of small businesses fail each year due to a lack of connections, resources, and funding. Through this partnership with CRF, Bank of America aims to strengthen connections between start-ups, entrepreneurs, and funding partners in order to fuel new ideas, create jobs, and generate economic value.
Patrick Davis, Senior Vice President of Platform and Technology Services for CRF, emphasizes the importance of providing small businesses with access to responsible capital and resources. He states that when small businesses have these tools at their disposal, they are able to create jobs, build wealth, and provide essential services for their communities. Davis also praises Bank of America as a strong partner in CRF's efforts to serve underrepresented entrepreneurs.
The Access to Capital Connector is an evolution from the Bank of America Access to Capital Directory series that was launched in 2021. This series has already garnered over 25,000 users and 120,000 views. The platform offers a wide range of capital sources, including equity, debt, and grant capital.
More on ncarol.com
Bank of America has been supporting CDFIs for over 25 years and is the largest private investor in them. Through partnerships with over 250 CDFIs, the bank has provided $2 billion in loans, deposits, capital grants, and equity investments. Pam Seagle, Senior Vice President of Inclusive Entrepreneurship for Bank of America, highlights the impact of their extensive network in fostering economic opportunities for individuals and communities.
In addition to their support for CDFIs, Bank of America is also the nation's top small business lender. As of year-end 2023, the bank's total loan portfolio for small businesses was $43.7 billion according to the FDIC. With a focus on providing advice, solutions, access to capital, and dedicated support to their 11 million business owner clients, Bank of America is committed to helping small businesses thrive.
The launch of the Access to Capital Connector is just one example of Bank of America's ongoing efforts to support small businesses and foster a thriving small business ecosystem. By streamlining the connection between entrepreneurs and CDFIs designed to serve them, this platform has the potential to make a significant impact on the success and resilience of small businesses across the country.
In an effort to support entrepreneurs and small business owners, Bank of America has recently launched the Access to Capital Connector. This online platform is designed to connect small businesses with local Community Development Financial Institutions (CDFIs) and other business support organizations for capital, coaching, and resources.
The Access to Capital Connector was created in partnership with Community Reinvestment Fund, USA (CRF), a national nonprofit CDFI and long-time partner of Bank of America. The platform allows small business applicants to answer a series of questions in order to become pre-qualified. It then presents them with a list of participating organizations that are best suited to meet their specific needs. Currently, over 150 CDFIs and other support organizations are participating on the platform, offering capital and resources for entrepreneurs at every stage of their business journey.
More on ncarol.com
- VICTURY Sports Announces Formation of Youth Sports League Built on the Official, Patented, and Award-Winning Keepy Uppy® Ball
- From Michael Jackson to Drake: The Artists Who Shaped KayeDinero's Sound
- L-Tron to Attend the 2026 NC, GA, TN, SC Joint Regional IAI Conference
- "Kulture Metrics" Isn't Just an Album Title: KayeDinero Connects Music, Markets and Code
- Congressman Chuck Edwards (NC-11) Presents ReadyCommunities Partnership 2026 National Service Award to Local Businessman / US Air Force Veteran
According to Sharon Miller, President of Small Business for Bank of America, thousands of small businesses fail each year due to a lack of connections, resources, and funding. Through this partnership with CRF, Bank of America aims to strengthen connections between start-ups, entrepreneurs, and funding partners in order to fuel new ideas, create jobs, and generate economic value.
Patrick Davis, Senior Vice President of Platform and Technology Services for CRF, emphasizes the importance of providing small businesses with access to responsible capital and resources. He states that when small businesses have these tools at their disposal, they are able to create jobs, build wealth, and provide essential services for their communities. Davis also praises Bank of America as a strong partner in CRF's efforts to serve underrepresented entrepreneurs.
The Access to Capital Connector is an evolution from the Bank of America Access to Capital Directory series that was launched in 2021. This series has already garnered over 25,000 users and 120,000 views. The platform offers a wide range of capital sources, including equity, debt, and grant capital.
More on ncarol.com
- Cress Creeks Farm Opens Fall Corn Maze and Baby Lamb Hayride Experience in Ellijay, Georgia
- Allstream Energy Partners Nominated in Multiple Categories for Fast Company's Best Workplaces for Innovators
- Pipeline Developer Isn't Just a Song: KayeDinero Builds Software, Markets and Music
- Who Is KayeDinero? The Asheville Artist Also Builds Software and Trading Systems
- Leaping Cat Creative Takes Shape Around the Problems Nobody Quite Owns
Bank of America has been supporting CDFIs for over 25 years and is the largest private investor in them. Through partnerships with over 250 CDFIs, the bank has provided $2 billion in loans, deposits, capital grants, and equity investments. Pam Seagle, Senior Vice President of Inclusive Entrepreneurship for Bank of America, highlights the impact of their extensive network in fostering economic opportunities for individuals and communities.
In addition to their support for CDFIs, Bank of America is also the nation's top small business lender. As of year-end 2023, the bank's total loan portfolio for small businesses was $43.7 billion according to the FDIC. With a focus on providing advice, solutions, access to capital, and dedicated support to their 11 million business owner clients, Bank of America is committed to helping small businesses thrive.
The launch of the Access to Capital Connector is just one example of Bank of America's ongoing efforts to support small businesses and foster a thriving small business ecosystem. By streamlining the connection between entrepreneurs and CDFIs designed to serve them, this platform has the potential to make a significant impact on the success and resilience of small businesses across the country.
0 Comments
Latest on ncarol.com
- Crawler Record for WordPress Version 1.0
- French Camp Academy Releases New Video Inviting Individuals to Consider a Life of Service
- Piedmont Crossing Celebrates 40 Years of Caring, Community, and Connection
- LET US READ Documentary on Dyslexia and Literacy to Screen at TCL Chinese 6 in Hollywood
- ChatGPT Leans Mostly on Firms' Own Websites to Decide Which Environmental Consultant to Recommend
- What Does "Human Error" Sound Like North of Asheville? KayeDinero Brings New Era to Weaverville
- Before Asheville, There Was Cherokee: KayeDinero Reveals Where Her Carolina Chapter Really Began
- Profit at the Window: Free Webinar Helps Interior Designers Turn Window Treatments Into Revenue
- Defense & Space Strategy Strengthens as New Leadership Builds on NASA Results and Expanding Multi-Orbit Opportunities for Ascent Solar Technologies
- STS Capital Partners is pleased to announce the appointment of Barry Brown as Vice President, Business Development
- Local Ecomaids Owner Launches Healthy Home Reset Initiative for Triangle Families
- Qscription Technologies and NEOPATHOLOGY CORP. Sign MOU to Bring FDA-Cleared Lung Imaging AI into U.S. Clinical Practice
- Asheville Artist KayeDinero Asks What Happens When Technology Gets Too Human on "Human Error"
- Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
- Mandeville Pests May Pose Serious Health Risks for Your Family
- TOLI North America's Floorleum Plain AdVantage Transforms Flooring Into a Wayfinding Tool
- Share your workplace safety solutions at 2027 Applied Ergonomics Conference
- Parents No Longer Have to Wait 3 Weeks for a Sleep Consultant: Nora Talks Tonight, Stays for 5 Days, Costs $89
- May The Worst Team Win! Loserball Kicks Off Another NFL Season of Hilarious Mayhem
- Black Women Living With, and Impacted by, HIV Express Gratitude, Grief, Joy, and Resilience