Bank of America Announces Small Business Down Payment Grant Program to Drive Women and Minority Business Growth - PR Newswire
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30, 2022 /PRNewswire/ -- Bank of America today announced the launch of a Small Business Down Payment Grant Program to drive business growth and help create generational wealth opportunities for minority and women business owners.
"Today, many business owners of diverse backgrounds lack the access to capital and technical assistance needed to qualify for commercial loans, which can help secure transferable assets that build equity across generations," said Jill Calabrese Bain, Small Business Integration and Transformation executive at Bank of America.
Additionally, Bank of America small business specialists will team up with local small business-centric non-profit partners to provide financial education services.
Bank of America is committed to helping small business owners in local communities across the country through numerous resources beyond the Small Business Down Payment Grant Program, including:
Secured Credit Offerings : The previously announced Bank of America Secured Business Advantage Credit Line launched last week, offering a credit line from $1,000 to $50,000 to business owners.
Earlier this year, Bank of America also debuted the Business Advantage Unlimited Cash Rewards Mastercard® Secured credit card as a new tool to help business owners establish, strengthen or rebuild their business credit – all while providing cardholders with the benefits that matter most to their business.
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