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.
The Spectrum Community Investment Loan Fund helps small businesses access capital in support of our local economies. By partnering with CDFIs, we invest in local small businesses in Spectrum’s 41-state operating network. The Loan Fund and the Carolina Small Business Development Fund are supporting local entrepreneurs in North Carolina including the Children’s Garden Montessori School and Drums vs. Flats, a food truck that specializes in tasty chicken wings.
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.
