CLIMB Fund Secures Major Investment from First Palmetto Bank to Empower Local Communities and Small Businesses
CLIMB Fund, South Carolina’s top SBA Microlender, is excited to announce a significant investment from First Palmetto Bank, which will bolster the organization's small business lending efforts that support local communities and small businesses.
First Palmetto's commitment to investing in CLIMB Fund underscores the bank's dedication to fostering economic development and entrepreneurship. With this investment, CLIMB Fund will continue to support underserved communities and help small businesses thrive, furthering its mission to create sustainable economic growth.
"First Palmetto Bank saw the value in what we do at CLIMB Fund and made a decision that will have a lasting impact on the communities we serve," says Cindi Rourk, CEO of CLIMB Fund. "We are incredibly grateful for their trust and investment, which will allow us to redeploy these funds into areas where they are needed most."
Since its inception, CLIMB Fund has been instrumental in fostering the creation of over 7,000 jobs. This new investment will enable CLIMB Fund to expand its reach and continue providing loans and financial support to small businesses that drive local economies. The organization's track record speaks volumes about its ability to create positive change and promote economic resilience.
Timothy Hudson, a representative of First Palmetto Bank, expresses his enthusiasm for the partnership. "We are excited to partner with CLIMB Fund in their efforts to boost small businesses and create jobs. Their proven impact on the community aligns perfectly with our values at First Palmetto Bank, and we are confident that this investment will lead to significant positive outcomes."
CLIMB Fund's comprehensive approach includes not only providing financial resources but also offering educational workshops, personalized consulting, and other support services to ensure the success of small businesses. This encompassing approach has been a key factor in the organization's success and ability to make a tangible difference in the community.
The investment from First Palmetto Bank is a testament to the power of collaboration and the importance of supporting community-focused financial institutions. With this new funding, CLIMB Fund is poised to continue its mission of empowering small businesses and driving economic growth in underserved communities.
About CLIMB Fund: CLIMB Fund is a nonprofit Community Development Financial Institution (CDFI) that provides loans and financial support to small businesses and entrepreneurs in underserved communities. Focusing on economic development and job creation, CLIMB Fund aims to foster sustainable growth and empower individuals through access to capital and resources.
About First Palmetto Bank: First Palmetto Bank is committed to supporting the economic development and financial well-being of the communities it serves. Through investments, community engagement, and personalized financial services, it strives to make a positive impact and promote long-term growth.
For more information about CLIMB Fund and its initiatives, please visit www.climbfund.org or contact Tom Aley at tom@climbfund.org.