CommunityWorksa statewide nonprofit lending institution and community development financial institution, announced June 23 that it had received a $300,000 grant from Truist Foundation.
The funds will be used to support CommunityWorks’ Small Business Loan and Women’s Business Center programs.
“Truist has been a long-time partner of CommunityWorks,” said Tammie Hoy Hawkins, CEO of CommunityWorks. “This generous grant will allow CommunityWorks to continue its work creating opportunities for small and micro businesses and entrepreneurs. It’s with support like theirs that CommunityWorks can serve underserved communities by providing unique, flexible capital and knowledge-building resources that small businesses need to thrive.
Since its inception in 2008, the lending institution has generated more than $382 million in local economic impact, serving 7,352 families through small and microenterprise loans, business and financial coaching, housing affordable and community loans, and down payment assistance. Its Women’s Business Center opened in 2020 and has served over 400 entrepreneurs.
For more information, visit communityworkscarolina.org.