CommunityWorks announced it received a $300,000 grant from Truist Foundation to strengthen their small business lending and Women’s Business Center programs. Truist Financial Corporation’s grants focus on building career pathways to economic mobility and strengthening small businesses, which aligns with CommunityWorks’ mission to build brighter futures for all through financial education, lending, and investing.
“Truist has been a long time partner of CommunityWorks, this generous grant will allow CommunityWorks to further our work of building opportunities for small and micro businesses and entrepreneurs,” said Tammie Hoy Hawkins, CEO of CommunityWorks. “It is with support like theirs that CommunityWorks can serve underserved communities by providing unique and flexible capital and knowledge building resources small businesses need to thrive.”
CommunityWorks currently offers seven small business loan products, ranging from $900 to $250,000. The CommunityWorks Women’s Business Center works to empower entrepreneurs through coaching, education, and support. Since opening in 2020, the Women’s Business Center has served over 400 entrepreneurs. Truist Foundation’s generous grant will serve as a springboard to better serve entrepreneurs and small businesses throughout South Carolina.
“Small businesses are the backbone of South Carolina so it’s critical that we invest in their success through affordable capital and access to financial coaching,” said Mike Brenan, South Carolina regional president for Truist, speaking on behalf of the Truist Foundation. “Our partnership with CommunityWorks strengthens the opportunities for entreprenuers and business owners to start and grow their businesses, and how we fulfill Truist’s purpose to inspire and build better lives and communities.”