Helping Small Business Fuel the Economy
Whether you work for a small business or rely on one for the things you need, we all understand the critical role that startups and expanding businesses play in our communities and our lives. That’s why we continue to do everything we can to partner with entrepreneurs and small business owners. These stories highlight local lending and investing, personal ingenuity, and a passion to create and retain jobs and offer new products and services. We hope they remind you of what we can achieve together.
Jul 16, 2012
When a car broke down in 1924, there were few options available. So when traveling salesman I.D. Blumenthal had his car’s radiator repaired by a Charlotte mechanic’s ‘magic powder,’ he instantly recognized its potential. I.D. partnered with the tinsmith and Solder Seal® became the first product of Radiator Specialty Company. A Company that continues to be owned and operated by The Blumenthal Family of Charlotte… learn More about Protecting Charlotte’s Manufacturing Engine
Jul 19, 2012
When she was a little girl, Maria Poulos would watch her mother, Sofia, style women’s hair. Using her “finger scissors”, Maria would pretend to cut her friends’ hair as Sofia worked with customers… learn More about A Mother-Daughter Team’s Salon Dream
Mar 22, 2011
Bank of America awarded the first 92 grants of its $10 million commitment to Community Development Financial Institutions (CDFIs) and other nonprofit lenders, enabling them to unlock U.S. Small Business Administration (SBA) and U.S. Department of Agriculture loan capital before the fiscal budget expired on September 30, 2010… learn More about Bank of America's $10 million grant program to CDFIs unlocks federal funds for small businesses
Nov 01, 2011
Family-owned businesses are the engine that drives the American economy. They comprise 35% of Fortune 500 companies, account for 50% of U.S. gross domestic product and generate 60% of the country's employment and 78% of all new job creation… learn More about A Big Bank Helping a Miami Grocer in a Big Way
Nov 02, 2011
A 60-year relationship with Bank of America has helped this Asian retailer expand its operations, open new stores and provide more jobs… learn More about Supporting a Cultural and Culinary Institution in Seattle
*$17.7 billion in new credit to small businesses in 2011 (includes both new originations and renewals).