A nonprofit geared to aiding minority businesses and entrepreneurs with financing now has $625,000 to distribute to qualifying entities in the Inland Empire and elsewhere.
Accessity received the funds via the U.S. Treasury Department’s Community Development Financial Institutions Fund specifically for low-income, Black and Hispanic recipients in Imperial, Riverside, San Bernardino and San Diego counties, according to Chief Operating Officer Robert Lopez.
“Small businesses are the economic engine that drives our country,” Lopez said. “When we invest in the small business owners … we strengthen local economies, promote future growth and create more jobs and opportunities.”
He said coronavirus impacts on businesses continue to weigh on balance sheets, and loans like those facilitated by Accessity can help fill gaps.
The latest grant follows a $1.8 million award to the nonprofit earlier this year. The money will be provided to institutions in the four counties.
More information is available at https://accessity.org/.