KEYBANK PROVIDES $5 MILLION LINE OF CREDIT FOR THE ADVANCEMENT OF SMALL BUSINESS WITH BRIDGEWAY CAPITAL
- KeyBank's loan will help Bridgeway Capital expand its lending programs and support underserved entrepreneurs.
- Bridgeway Capital can make focused investments to create quality jobs and develop vibrant communities.
- None.
Specifically, KeyBank's loan will help Bridgeway expand its lending programs into eastern
"Bridgeway has been a long-standing customer of KeyBank, and we are delighted to extend this new facility to help support underserved entrepreneurs grow businesses, revitalize and stabilize neighborhoods," said Brian Maddox, National Team Leader for KeyBank Community Development Financial Institutions group. "Bridgeway has been a driver of capital for minority, women, immigrant, and veteran-owned businesses in economically distressed urban and rural areas throughout western
"We are grateful for KeyBank's support of Bridgeway's work to advance opportunities in eastern
About Bridgeway
Bridgeway Capital is a mission-driven lender, a nonprofit alternative to banks that lends to small businesses, nonprofits and real estate projects that have a positive community impact. As a Community Development Financial institution (CDFI), Bridgeway is certified by the
About KeyBank Community Development Lending and Investment
KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank's platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 10 consecutive "Outstanding" ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first
About KeyCorp
KeyCorp's (NYSE: KEY) roots trace back nearly 200 years to
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SOURCE KeyCorp