Banking on Diversity logo courtesy The Bank of Clarke County
The Bank of Clarke County announced Tuesday the launch of the Banking on Diversity initiative, a minority business funding program backed by Bank of Clarke County, BCT-Bank of Charles Town, The Fauquier Bank and First Bank.
The four community banks have collectively committed up to $1 million in interest-free loans to help startup and existing minority-owned small businesses in the banks’ markets. Loans of up to $50,000 will be available for existing businesses and up to $10,000 will be available to startups. The program is also expected to include educational seminars for business development.
Eligible applicants must have the following:
