File photo
File photo
The Center of Business Excellence launched a minority-owned small business lending program.
A collaboration with the Cen-Tex African American Chamber of Commerce, the Cen-Tex Minority Business Equity Fund is the first locally funded financial lending program of its kind. The fund will provide financial assistance of up to $2,500 to minority owned small business owners during personal emergencies, natural disasters, or national pandemic events. It is intended to counteract layoffs or lost revenue.
The CBE started The Kick-Start Club to give the inaugural fund capital with a goal to raise $100,000 for small businesses by May 30.
The campaign welcomes any donor looking to invest in the success of minority-owned small businesses.
“Donations of $10,000 or more will received an exclusive gift in appreciation of their generosity,” a statement obtained by KXXV said.
All contributions are tax deductible.
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