Bank of America Access to Capital Directory for Black Entrepreneurs
Below are tips on how to use the Bank of America Access to Capital Directory, and the types of funding you’ll find in the Directory. This Directory is part of the Bank of America Access to Capital Directory for Entrepreneurs, and is focused on U.S.-based sources of capital.
How to use this Directory
- Name or Keywords: On the homepage, start your search by typing in keywords. Keywords can be the name of a source of capital you’ve heard of, or a characteristic of the type of funding you are seeking. You can also leave the keyword field blank.
- Type: You can also use the pull-down menu to indicate the type of capital you are seeking (equity, grant or loans, for instance).
- Amount: Use the pull-down menu to indicate the dollar range for the capital you are seeking.
- Returns: The Directory will display top-line information about potential funding sources that meet your criteria. Click each return for more details, including contact information.
The types of funding you’ll find in this Directory
You can find specific firms and organizations by using the “Type” pull down in the Search tool in the Bank of America Access to Capital Directory. Here are the types of funding you’ll find.
- Community Development Financial Institutions (CDFIs): Typically, nonprofit loan funds and/or grants that provide capital, mentoring and financial advice to small businesses.
- Venture Capital and Angel Investors: This form of private investment equity includes individuals and firms typically looking to invest in startup companies with long-term growth potential.
- Grants: Awards given by the government, foundations, corporations or individuals, which under most conditions do not require repayment.
- Loan Funds: Secured and unsecured term loans and lines of credit from non-bank corporations, investment funds, nonprofit organizations, and other nonbank institutions.
- Crowdfunds: The use of small amounts of capital from a large number of individuals to finance a new business venture, made accessible through social media and crowdfunding websites. Crowdfunds help expand the pool of investors beyond the traditional circle of owners, relatives, and venture capitalists.
NOTE: The Bank of America Access to Capital Directory should not be viewed as a specific recommendation or endorsement of any organization or fund. Furthermore, use of this Directory does not indicate or ensure that a user will receive funding or access to capital. See below and our Terms of Service.
CDFIs in this directory are ones that Bank of America has worked with or are ones that have a focus on underrepresented founders. Bank loans are also a significant source of funding for underrepresented founders, but are beyond the scope of this Directory. To learn more about Bank of America’s small-business lending program, go to BankofAmerica.com/smallbusiness