Truist Financial Corp. is donating $2 million to community development financial institutions to support grants to small businesses impacted by the COVID-19 pandemic in states served by the bank.
“Small businesses are significantly affected by the steps the nation is taking to combat COVID-19, and it’s important we support them,” said Truist Chief Community Reinvestment Act Officer Sharon Jeffries-Jones. “Our purpose is to inspire and build better lives and communities, and small businesses contribute to our nation’s economic growth through job creation and innovation of products and services. Grants from LiftFund and Natural Capital Investment Fund will offer small businesses in our communities the relief they need to thrive during this difficult time.”
Qualifying small businesses in Virginia can apply online for grants ranging from $5,000 to $25,000 from Natural Capital Investment Fund (NCIFund). To qualify, businesses must employ fewer than 10 full-time employees and have annual gross revenue no more than $1 million from all business activities at all business locations.
