American Express puts $40M into fund to help minority-owned small businesses recover

The Hill

American Express is putting $40 million into a fund that will provide loans and other resources to underfunded small-business owners in the U.S., with a focus on minority-owned companies.

American Express announced the program with Accion Opportunity Fund last month, with a stated goal of accelerating small business growth and “building a more equitable financial system.”

The fund will focus on historically underfunded small-business owners, such as people of color, women and immigrants.

The Hill covers American Express’ program with Accion Opportunity Fund in this article.

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