North Carolina CDFI M&F Bank Earns PLP License
“We are thrilled to expand our product offerings for small businesses and entrepreneurs,” says Travis C. Rouse, Chief of Sales and Lending for M&F Bank.
“Serving as an SBA preferred lender allows us to quickly execute loans for worthy businesses while still providing the same top-notch service our customers have come to expect. This designation further solidifies our commitment to helping small businesses and their owners while supporting job growth in underserved communities.”
Founded in 1907 M&F Bank is the second-oldest African American owned bank in the United States.
With $446 million in total assets, M&F Bank is the eighth-largest African American owned financial institution in the United States and is the only CDFI and minority-owned bank in North Carolina.
The bank’s mission is to promote personal and community development by providing capital to small-and medium-sized businesses in its local communities. M&F Bank serves thousands of customers and operates eight locations throughout Durham, Raleigh, Greensboro, Winston-Salem and Charlotte.