PARTNERING LOCALLY

Small Business Support

Helping small businesses grow with $17.7 billion in new credit.*

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.

Salon Marsof hair stylist giving hair cut to client

A Mother-Daughter Team’s Salon Dream

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

Bank of America Releases Inaugural Small Business Owner Report

Jun 20, 2012

The Small Business Owner Report explores the concerns, aspirations and perspectives of small business owners across the country. The survey uncovers a sense of optimism about their own business as they look toward the future 12 months…  learn More about Bank of America Releases Inaugural Small Business Owner Report

Growing Small Businesses: BUILT merges fashion and function for people on the go

The expansion of BUILT, one tote at a time

Oct 22, 2012

In 2003, industrial designers Aaron Lown and John Roscoe Swartz started BUILT, a New York-based design company that makes stylish bags and accessories for people on the go. Their founding philosophy was simple: Good design can make everyday life better…  learn More about The expansion of BUILT, one tote at a time

Bank of America's $10 million grant program to CDFIs unlocks federal funds for small businesses

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

Allen Milam, President of Milam’s Market in Miami, Florida.

A Big Bank Helping a Miami Grocer in a Big Way

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




*$17.7 billion in new credit to small businesses in 2011 (includes both new originations and renewals).

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