Connecting women entrepreneurs in the U.S. to affordable loans

Over the last 40 years, women-owned businesses have generated trillions of dollars in economic activity and revitalized communities by providing tens of millions of jobs. Yet women entrepreneurs still face significant obstacles, including equitable access to capital and business networks. That’s why Bank of America and the Tory Burch Foundation launched the Tory Burch Foundation Capital Program, dedicated to helping connect women business owners to affordable loans to help grow their businesses.

Since 2014, we’ve deployed more than $30 million in capital, administered by community development financial institutions (CDFIs), to help more than 1,400 women entrepreneurs across 16 states grow their businesses. We’ve committed an additional $20 million in capital to the Tory Burch Foundation Capital Program, bringing our total commitment to $50 million.

The program is supporting women business owners in the fields of tax & accounting, construction, fashion, auto mechanics, food service, health & beauty and more.

“Our work with the Tory Burch Foundation Capital Program represents one way we are able to deploy capital in support of sustainable economic growth in our local communities,” said Anne Finucane, vice chairman, Bank of America. “The program elevates economic and social progress for women entrepreneurs and helps to grow small businesses in communities across the U.S.”

How does it work? The video below explains the process.

Learn more about the Tory Burch Foundation Capital Program and how it empowers women small business owners.

Community Development Financial Institutions (CDFIs) – community lenders

Do you own a business? Want to apply for a loan from the Tory Burch Foundation Capital Program? For more information, please visit www.toryburchfoundation.org or contact a community development financial institution (CDFI) in your area:

Arizona

  • Accion in Arizona, 1.602.252.3884, P.O. Box 41237, Tucson, AZ, 85717, website: www.us.accion.org

Colorado

  • Accion in Colorado, 1.303.904.9362, 1441 18th St #150, Denver, CO 80202, website: www.us.accion.org

Florida

  • Accion East, 1.866.245.0783, 80 Maiden Lane, Suite 903, New York, NY 10038, website: www.accionusa.org

Georgia

  • Access to Capital for Entrepreneurs (ACE), 1.678.335.5600, 84 Peachtree St. NE, Atlanta, GA 30303, website: https://aceloans.org/

Illinois

  • Accion Chicago, 1.312.924.2179, 1436 W. Randolph Street, Suite 300, Chicago, IL 60607, website: www.accionchicago.org

Los Angeles

  • VEDC, 1.818.907.9977, 5121 Van Nuys Blvd., 3rd Floor, Van Nuys, CA 91403, website: www.VEDC.org

Massachusetts

Missouri

  • justine PETERSEN, 1.314.533.2411, 1023 North Grand Blvd, Saint Louis, Missouri 63106, website: www.justinepetersen.org/

New Jersey

New Mexico

  • Accion in New Mexico, 1.505.243.8844, 2000 Zearing Ave. NW, Albuquerque, NM, 87104-2045, website: www.us.accion.org

New York

  • Accion East, 1.866.245.0783, 80 Maiden Lane, Suite 903, New York, NY 10038, website: www.accionusa.org

North Carolina

Philadelphia

San Francisco

Texas

– Austin: 1.512.472.8087, 2921 E. 17th St, Building D, Suite 1, Austin, TX 78702
– Dallas: 1.214.942.6698, 2801 Swiss Ave, Suite 120, Dallas, TX 75204
– Houston: 1.888.222.0017 ext 140, 12337 Jones Rd, Suite 407, Houston TX 77070

To join the conversation and see how we’re connecting women to economic empowerment worldwide, visit us here and on Twitter at @BofA_News.


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