Greater Los Angeles, CA. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. learn More about Breaking the cycle and ending hunger, See how we're helping service members and veterans make the transition to civilian life... Bank of America, N.A. Join our small community for expert insights, insider tips, and the industry knowledge you need to see your small business grow. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. All rights reserved. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.General disclaimer for Bank of America Merrill Lynch. Boston, MA, > > Figure out if there's a CDFI that could work for you by checking the U.S. Treasury's tool, or try the Bank of America CDFI locator. South Florida, FL, Find a community development financial institution near you, $100 million commitment to support local communities, Download the latest update of Adobe Reader. Greater Washington, D.C. > Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Member FDIC. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). learn More about Arts & Culture, Get fact sheets, reports and financial updates, and learn about our lending, investing and giving... learn More about We're here for you, We've partnered with Sal Khan and Khan Academy to give you a simple, self-paced learning experience..... Seattle, WA, > Making financial lives better through the power of every connection. learn More about We're here for you, We've partnered with Sal Khan and Khan Academy to give you a simple, self-paced learning experience..... Recognizing the need, the $2 trillion CARES Act that Congress passed into law includes a number of provisions to provide immediate relief to small business owners, including loans that may be partially or fully forgiven and are 100% federally guaranteed.As part of its efforts to help communities affected by the pandemic, Bank of America has committed up to $250 million in capital to community development financial institutions, or CDFIs, and up to $10 million in philanthropic grants to help fund CDFI operations. UCP received an SBA Paycheck Protection Program (PPP) loan from CDFI partner Community Reinvestment Fund, USA (CRF), and immediately used it to pay its staff and specialists, and to continue serving the community without interruption. Baltimore, MD, > “That hasn’t changed.”. That’s why Bank of America provides loans to CDFIs in every state across the U.S.1 Working together, we’re getting affordable loans into the hands of as many small business owners as possible. Certain links may direct you away from Bank of America to an unaffiliated site. make available investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp or in which BofA Corp has a substantial economic interest. Company goals are aspirational and not guarantees or promises that all goals will be met. Charlotte, NC, > learn More about Report center, See how we're investing in local and national programs to fight hunger.. Bank of America is the largest investor in CDFIs in the United States – with more than $1.6 billion in loans and investments in over 250 CDFIs. We strive to provide you with information about products and services you might find interesting and useful. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. learn More about Arts & Culture, Get fact sheets, reports and financial updates, and learn about our lending, investing and giving... “Families rely on us, and if we can’t provide for them, then they families are forced to go without many important basic needs and services,” says Brian Pollard, UCP’s Founder and Executive Director. Company goals are aspirational and not guarantees or promises that all goals will be met. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. They are also essential engines of job growth, accounting for almost two-thirds of all new jobs created in the U.S.1. © 2019 Bank of America Corporation. Through these innovative partnerships, we’re making more loans available for people and communities, and helping address important economic and social issues. All rights reserved. industry. In addition, Bank of America will provide up to $10 million in philanthropic grants to help fund the operations of CDFIs. 2 Federal Reserve Small Business Credit Survey, 2018, We would appreciate having your voice in the Small Business Community. Select a Partnering Locally Country to view topics, Select a Partnering Locally State to view topics, Viewing Partnering Locally content for All States, View Partnering Locally Topic: Arts & Culture, View Partnering Locally Topic: Basic Human Services, View Partnering Locally Topic: Better Money Habits ®, View Partnering Locally Topic: Responsible growth, View Partnering Locally Topic: Investing in women, View Partnering Locally Topic: Global Ambassadors, View Partnering Locally Topic: Global Programs, View Partnering Locally Topic: Hunger Relief, View Partnering Locally Topic: Neighborhood Builders ®, View Partnering Locally Topic: Neighborhood Preservation, View Partnering Locally Topic: Service Members & Veterans, View Partnering Locally Topic: Small Business Support, View Partnering Locally Topic: Student Leaders ®, View Partnering Locally Topic: Supporting People with Disabilities. Search the directory to find a CDFI that fits your needs. Company goals are inspirational and not guarantees or promises that all goals will be met. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. Equal Housing Lender. New York, NY, > Sometimes a bank loan is an option. Member FDIC. Last week, Bank of America announced a $100 million commitment to support local communities impacted by the coronavirus. While approval rates are higher than at traditional banks, there are pros and cons. “CDFIs are integral to the development and sustainment of small businesses, health care centers, schools and other community facilities, as well as the financing of affordable housing and economic development projects. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. South Florida, FL, Find a community development financial institution near you, Download the latest update of Adobe Reader. Detroit, MI, > Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America supports local economies by partnering with community development financial institutions (CDFIs) across the U.S., and Puerto Rico and the District of Columbia. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Other times, a better fit is a Community Development Financial Institution, also called a CDFI. End card: Bank of America logo More information at bankofamerica.com/cdfi 1. If you prefer that we not use this information, you can opt out of online behavioral advertising. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. The bank plans to fund community development financial institutions, or CDFIs, that can lend to female entrepreneurs who might not qualify for traditional credit, said Andrew Plepler, global head of environmental, social and governance initiatives. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Chicago, IL, > Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). 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