LITTLE ROCK, AR (September 20, 2017)— After a nation-wide application process, the Department of the U.S. Treasury recently named Arkansas Capital Corporation as one of 303 community development grant recipients.
Awarded by the U.S. Treasury’s Community Development Financial Institutions Fund (CDFI) in an effort to revitalize low-income and economically distressed communities, Arkansas Capital has been granted $1,006,905. These funds aid Arkansas Capital’s ability to provide affordable financial products and services specifically designed to meet the unique needs of economically underserved communities across the state.
“Our team at Arkansas Capital is honored and pleased to receive these funds from the U.S. Department of Treasury’s CDFI,” says Arkansas Capital Corporation President and COO, Sam Walls III. “They will allow us to further expand our lending footprint into the underserved areas of our great state that have more difficulty attracting capital.”
If you have any questions or would like to request information on lending, please
ontact Bert King at (501)374-9247 or [email protected]
Fairfield Bay News
