Bank of America Announces $1 Million Program Related Investment and $100,000 Grant to ACCION USA

“Bank of America today announced a $1 million program related investment in ACCION USA to expand the availability of loans for micro-enterprise. The investment will help ACCION increase its loan pool in three targeted markets — Boston, Atlanta and Miami. In addition, the Bank of America Charitable Foundation announced that it would provide $100,000 in operating support for the organization. The grant also will help ACCION market its new online loan application. ACCION USA is a leading provider of micro-enterprise loans — small or “micro” loans to entrepreneurs who often have difficulty gaining access to commercial bank lending….”

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