Appalachian Community Capital receives $3M investment from Truist Bank to support small business lending in Appalachia
April 19, 2022
Christiansburg, Va. (April 19, 2022 ) – Appalachian Community Capital (ACC) has received a $3 million investment from Truist Bank to increase its lending and advisory services to small businesses in underserved counties in the Appalachian Region. This investment is in addition to $1.25 million in grants from Truist Foundation and Truist Charitable Fund, a donor-advised fund at The Winston-Salem Foundation, to strengthen and stabilize ACC member community development financial institutions (CDFIs) serving small businesses impacted by COVID-19 and to support Opportunity Appalachia, an initiative targeting downtown and rural redevelopment projects in Central Appalachia.
