Fresno, CA – [December 23rd , 2024] – Access Plus Capital is proud to announce an Equity Equivalent Investment (EQ2) from Community West Bank, marking a significant step forward in advancing economic opportunities for small businesses in underserved communities. This investment will strengthen Access Plus Capital’s ability to provide critical financing to entrepreneurs who lack access to traditional lending.
The EQ2 investment will enable Access Plus Capital to expand its lending capacity, offering flexible and affordable loan products to small businesses across Central California. These funds are expected to support small businesses, create jobs, and stimulate economic growth in the region.
“This investment from Community West Bank is a testament to the power of collaboration in building stronger, more equitable communities,” said Tate Hill, President and CEO of Access Plus Capital. “With this partnership, we can extend our impact by providing more entrepreneurs with the resources they need to succeed, fostering economic mobility in the areas we serve.”
“Community West Bank is proud to partner with Access Plus Capital in support of the mission to eliminate economic barriers to financial success through fair and equitable community investment,” said James J. Kim, President and CEO of Community West Bank. “We consider this a privilege to partner with Access Plus Capital and provide support to the business communities that our Company and our team calls home.”
Access Plus Capital has a proven track record of driving economic development in underserved areas. To date, the organization has provided over $60,000,000 in financing to over 1500 businesses, creating over 3000 jobs and supporting diverse entrepreneurs from a range of industries.
This EQ2 investment underscores a shared commitment between Access Plus Capital and Community West Bank to promote inclusive economic growth and empower small business owners.
About Access Plus Capital
Founded in 2008, Access Plus Capital is a nonprofit CDFI dedicated to providing affordable financing and resources to small businesses in underserved communities. For more information about Access Plus Capital and its programs, please visit www.accesspluscapital.com.
About Community West Bank
Founded in 1980, Community West Bank is a locally operated community bank, headquartered in Fresno, California proudly serving people and communities through 26 locations.
Contact:
Pamela Mostert, Chief Operating Officer at pamela.mostert@accesspluscapital.com Office: (559) 552-4314 | 2607 Fresno St, Fresno, CA 93721
Jennifer Held, SVP, Marketing Director at jennifer.held@communitywestbank.com Office: (209) 644-7830 | Cell: (209) 561-0277