Helping small businesses owned by people of color, immigrants and women recover from the Covid pandemic is the goal of a $40 million investment American Express is making with Accion Opportunity Fund.
The loans, which started going out this week, range from $5,000 to $100,000, depending on business need. The average is expected to be around $28,000 according to forecasts from the nonprofit fund, which aims to help build a financially inclusive world.
Learn more in this CNBC piece.