United Bank has invested $500,000 in CommunityWorks to support the organization’s statewide small business and affordable housing lending efforts. Additionally, United Bank has granted $50,000 to CommunityWorks for loan deployment efforts. The investment and grant will allow CommunityWorks to continue serving South Carolina through small and micro business loans, affordable housing, and community loans. The grant funding will also allow staff to market the availability of loan funds, provide financial education and advisory services and business coaching.
United Bank’s generous investment and grant speaks to their mission of providing excellence in service to customers and communities. Partnering with high performing and impactful Community Development Financial Institutions (CDFI), like CommunityWorks, is a part of United’s investment strategy and a tangible way to show that United is committed to the communities where the bank has a presence. As a CDFI, CommunityWorks can provide flexible financial assistance for small and micro businesses in the startup and growth phase. United’s partnership allows CommunityWorks to enhance efforts in fulfilling their mission of creating a brighter future for financially underserved people and places in South Carolina.
“CommunityWorks is excited to partner with United Bank. We look forward to working with them and through this investment to bring capital to small businesses and affordable housing to underserved communities throughout South Carolina,” said LaTorrie Geer, CEO of CommunityWorks.
“United Bank is committed to supporting the creation and expansion of small businesses and the development and preservation of affordable housing across South Carolina,” said Jim Boyd, United Bank’s Greenville Market President. “By investing in CommunityWorks, we are able to leverage their great work and improve access to capital and other resources that small business owners and developers need to thrive and succeed.”