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.
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
Jun 30, 2010
In 2009, Peter Thom, President of Mona Lisa Food Products, Inc., had a problem that most entrepreneurs would welcome. His business, which manufactures dozens of specialty chocolate items used by pastry chefs in high-end restaurants and bakeries, was growing rapidly, partly due to growing demand for his products in Europe… learn More about Helping a specialty food business expand to meet growing demand
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
Nov 02, 2011
America is the land of opportunity, where the entrepreneurial spirit thrives. Each year, an estimated 600,000 businesses are created. For some, it’s about taking a chance on a “big idea.” For others, like Michael Freeman, it’s about carrying out a vision… learn More about A sweet dream: The best of chocolates under one roof
*$17.7 billion in new credit to small businesses in 2011 (includes both new originations and renewals).