The Spectrum Community Investment Loan Fund provides loans through community development financial institutions (CDFIs) to small businesses whose goods and services help meet core needs in communities within Charter’s 41-state footprint. These long-term investments positively impact local economies with growth capital, new job creation, and stronger businesses. To date, the Loan Fund has committed more than $33 million in loan capital, capacity grant donations, and in-kind contributions to 16 CDFIs covering 20 states.
Charter and Grow America, formerly NDC, announced a $1 million capital commitment by Charter’s Spectrum Community Investment Loan Fund to provide loans to local small businesses in Stamford, Connecticut.
The Spectrum Community Investment Loan Fund invested $1 million in CommunityWorks, a South Carolina statewide lending institution and community development financial institution (CDFI), which will provide low-interest loans to small businesses.
Charter invested $3 million in the Hope Enterprise Corporation (HOPE), a certified community development financial institution (CDFI), which will make loans to local businesses that provide goods and services meeting the core needs of our communities in Kentucky, Tennessee and Alabama.
