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 and Bank of America Capital Program in 2014, dedicated to helping connect women business owners to affordable loans to help grow their businesses.
Over the nine year partnership, we’ve provided more than $95 million in capital to connect women small business owners to affordable loans. Since the program’s launch, more than 5,500 women entrepreneurs have received loans through Community Development Financial Institutions (CDFIs) to help them grow and refine their businesses, in the fields of tax & accounting, construction, fashion, auto mechanics, food service, health & beauty and more.
The program is supporting women business owners in the fields of tax & accounting, construction, fashion, auto mechanics, food service, health & beauty and more.
“We recognize that women entrepreneurs help fuel economic growth in communities across the U.S. and that access to capital remains a key challenge,” said Pam Seagle, Bank of America Global Women's Programs executive, “Partnering with the Tory Burch Foundation to advance women in small business is one way we invest in the future of local economies.”
Learn more about the The Tory Burch and Bank of America 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 The Tory Burch and Bank of America Capital Program? For more information, please visit http://www.toryburchfoundation.org or contact a community development financial institution (CDFI) in your area:
Arizona
- DreamSpring, 1-800-508-7624,2000 Zearing Avenue NW, Albuquerque, NM 87104 Business Loans | DreamSpring
California
- Accion Opportunity Fund, 1.408.297.0204, 100 Bush Street, Suite 1550, San Francisco, CA, email: loans@opportunityfund.org; website: https://aofund.org/small-business-loans/
Colorado
- DreamSpring, 1-800-508-7624,2000 Zearing Avenue NW, Albuquerque, NM 87104 Business Loans | DreamSpring
Florida
- Ascendus, 1.866.245.0783, 80 Maiden Lane, Suite 903, New York, NY 10038, website: Home
Georgia
- Access to Capital for Entrepreneurs (ACE), 1.678.335.5600, 84 Peachtree St. NE, Atlanta, GA 30303, website: https://aceloans.org/
Illinois
- Allies for Community Business, 312-275-3000, 135 N Kedzie Avenue, Chicago, IL 60612, Allies for Community Business
Massachusetts
- Ascendus, 1.866.245.0783, 80 Maiden Lane, Suite 903, New York, NY 10038, website: Home
Missouri
- justine PETERSEN, 1.314.533.2411, 1023 North Grand Blvd, Saint Louis, Missouri 63106, website: www.justinepetersen.org/
New Jersey
- UCEDC, 1.908.527.1166, 75 Chestnut Street, Cranford, NJ 07016-2937, email: info@ucedc.com; website: www.ucedc.com
New Mexico
- DreamSpring, 1-800-508-7624,2000 Zearing Avenue NW, Albuquerque, NM 87104 Business Loans | DreamSpring
New York
- Ascendus, 1.866.245.0783, 80 Maiden Lane, Suite 903, New York, NY 10038, website: Home
Philadelphia
- Entrepreneur Works, 1.215.545.3100 x226, 111 S. Independence Mall East, The Bourse Building, Suite 528, Philadelphia, PA 19106, email: knoreika@entre-works.org; website: www.myentrepreneurworks.org
Texas
- PeopleFund, website: www.peoplefund.org
– 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.
