Community Possible grant will put more business capital into the hands of underserved entrepreneurs.
Albuquerque, NM (February 02, 2024) – DreamSpring, a nonprofit Community Development Financial Institution (CDFI) and Small Business Administration (SBA) lender, is pleased to announce it has received a $65,000 grant from the U.S. Bank Foundation. DreamSpring will use the Community Possible grant to expand access to capital and business resources among underserved entrepreneurs across the U.S.
“It takes passion and resources to create equitable opportunities in our communities, and Community Possible embodies both,” says Amber Kani, DreamSpring Head of Stakeholder Engagement. “We are deeply grateful to the U.S. Bank Foundation for their catalytic support of DreamSpring and our shared mission to remove barriers for underserved entrepreneurs.”
Marcia Romero, U.S. Bank VP, Community Affairs Manager (middle row, seventh human from the left) and Albuquerque-based DreamSpring team members
DreamSpring offers flexible small business loans, lines of credit, and other resources to entrepreneurs who are starting or building a small business. The Community Possible funding will fuel lending in communities served by both the CDFI and U.S. Bank, including: Arizona, California, Colorado, Florida, Illinois, Iowa, Kansas, Missouri, Nebraska, Nevada, New Mexico, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, Washington, and Wyoming.
Celebrating its 30th anniversary this year, DreamSpring has deployed nearly $540 million to small business owners since its founding in 1994. Entrepreneurs use DreamSpring capital to start their businesses, finance equipment, hire employees, and scale operations, vitalizing their communities along the way.
“Supporting the development of small businesses and a dynamic workforce is an investment in today and our future. We’re proud to work with organizations like DreamSpring to help small businesses prosper, gain greater financial literacy, and build thriving communities,” said Arturo Pérez, community affairs manager at U.S. Bank.
U.S. Bank is committed to powering human potential and creating lasting change in communities. The bank does this through the Community Possible platform, including philanthropy, community investments and team member volunteerism.
For more information about DreamSpring and its programs, visit dreamspring.org.
DreamSpring is a nonprofit Community Development Financial Institution (CDFI) and U.S. Small Business Administration (SBA) lender dedicated to accelerating the economic inclusion and strength of underserved communities. Founded in 1994, the organization provides rapid access to capital and customized wrap-around support to the most vulnerable small business owners in 27 states, focusing on communities including people of color, women, low- to moderate-income earners, people with disabilities, and start-ups. To date, DreamSpring has issued more than 48,796 loans totaling over $538 million to small businesses that support an estimated 65,138 jobs. Learn more at DreamSpring.org.