In May 2025, four Black-owned community banks in Georgia, Texas, Illinois, and Michigan jointly announced a $200 000 grant program for local small businesses. Each bank will award four $50 000 grants to eligible entrepreneurs, with applications open from June 1 through June 30.
Program Details
- Grant size: $50 000 per award (4 awards per bank)
- Eligibility: Black-owned businesses with annual revenue under $500 000
- Application window: June 1 – June 30, 2025
Bank presidents say this initiative is designed to “fill a capital gap” and spur growth in communities that have historically faced lending challenges.