U.S. Bank ranked No. 11 on the Fair360, formerly DiversityInc Top 50 Companies list in 2023.
U.S. Bank has introduced the new Business Diversity Lending Program, which will expand lending opportunities for women-, minority- and veteran-owned businesses.
The program is designed to provide credit and financing to diverse business owners, building on the company’s efforts to support underrepresented businesses and address the wealth gap. It is a type of special purpose credit program (SPCP) permitted by the Equal Credit Opportunity Act (ECOA).
“The Business Diversity Lending Program is the latest commitment by U.S. Bank to power the potential of all of our customers and help close the wealth gap,” said Sekou Kaalund, Head of Branch and Small Business Banking at the company. “Small businesses are the bedrock of the U.S. Economy, and by broadening access to capital we are helping to fuel more business owners’ dreams and drive economic growth. By building stronger women-, minority- and veteran-owned businesses we are creating more vibrant communities for everyone.”
The Business Diversity Lending Program aligns with U.S. Bank Access Commitment, a long-term initiative to help communities of color build wealth.
Read more at ir.usbank.com.
