Bank of America has launched the Small Business Down Payment Grant Program for minority and women entrepreneurs to drive business growth and boost generational wealth opportunities. Under this program, the bank will offer credit to historically disadvantaged small businesses to purchase commercial real estate properties in Opportunity Zones in Los Angeles, Charlotte, Dallas, Chicago, and Atlanta. The program aims to address inequalities in business ownership among women entrepreneurs and minority business owners by helping them secure transferable assets and thereby build equity across generations. Eligible entrepreneurs can get down payment grants up to 50% of the required injection, subject to a maximum of US$25,000.
