Nonprofit Business Development Fund Brightpoint Gets $20,000 Grant For Loans
News Release
FORT WAYNE — Brightpoint has been awarded a $20,000 grant from Fifth Third Bank to provide support for small businesses in northeast Indiana through the Brightpoint Development Fund.
The grant will strengthen Brightpoint Development Fund’s loan loss reserves, allowing access to Small Business Administration funds to loan out to businesses.
Founded in 2011, the Brightpoint Development Fund, a subsidiary of Brightpoint, is a nonprofit organization that provides affordable business loans, financial education, and housing development services. It is a U.S. Small Business Administration micro lender and a U.S. Department of the Treasury Community Development Financial Institution.
Brightpoint is a private, 501(c)(3) nonprofit organization serving over 30,000 people across northeast Indiana each year. Through a wide range of programs, Brightpoint helps communities, families, and individuals remove the causes and conditions of poverty. All Brightpoint services are provided without regard to race, age, color, religion, sex, sexual orientation, disability, national origin, ancestry, or status as a veteran.