CornerSquare Community Capital

CornerSquare Community Capital Supports Ethnically, Racially Diverse and Women-Owned Small Businesses

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A $40 million initial donation from Truist Financial Corporation* has established CornerSquare Community Capital. This new national nonprofit fund will help select community development financial institutions (CDFIs) increase their lending capacity with their existing capital to support more small businesses.

Truist Donates $40 Million to Launch Innovative Nonprofit Fund Supporting Ethnically, Racially Diverse and Women-Owned Small Businesses

Commitment to the CDFI sector designed to significantly increase investment in communities and entrepreneurs that have experienced decades of underinvestment
Press Release

CHARLOTTE, N.C., September  23, 2020 /3BL Media/ – Truist Financial Corporation (NYSE: TFC) today announced a $40 million initial donation to help establish CornerSquare Community Capital, a new national nonprofit fund that will support selected community development financial institutions (CDFIs) through the purchase of 25% loan participations.

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