M&F Bank Empowering Growth Small Business Grant
M&F Bank Empowering Growth Small Business Grant
M&F Bank
ABOUT THE GRANT
The M&F Bank Empowering Growth Small Business Grant awards a $10,000 grant to one small business owner in each of the bank's North Carolina markets through annual application rounds rotating by geography. Administered by M&F Bank — a North Carolina-based community development financial institution founded in 1907 — the program supports small business owners across the bank's footprint in Durham, Raleigh, Winston-Salem, Greensboro, and Charlotte, with the goal of strengthening the local communities the bank serves. Each application round is open to businesses located in one specific market and the surrounding counties, and a single winner is selected per round. To qualify, applicants must be an M&F Bank business customer with accounts in good standing, have been an M&F Bank customer for at least one year prior to applying, have gross annual revenues of $750,000 or less, have been in business for ten years or fewer, employ 25 people or fewer (including the owner), and maintain an active business website. Previous grant recipients are not eligible to reapply. Nonprofits, real estate investment firms, businesses with M&F Bank vendor ties, and M&F Bank employees or their relatives are also ineligible.
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NOTES
We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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