Jim is moving that their company keeps readily available in money to Hope Credit Union, a black colored owned institution that is financial. Offering him on #BankingBlack ended up being effortless; it are priced at absolutely nothing, holds no danger yet makes a difference that is big.

This previous post talks about why there clearly was a need; black-led nonprofits, organizations, and churches had been rejected the federal government backed PPP loans by white led banks in Allentown PA, web site of our very first pilot, despite healthier balance sheets and track documents. In Jackson, MS, where Hope runs, a professional 100 12 months HBCU that is old college Tougaloo university ended up being denied a PPP loan by white led banks, but got the mortgage through Hope. Read more