Exciting News from M&F Bank
The 2024 Empowering Growth Small Business Grant
M&F Bank is not just a financial institution — we’re your community partner.
The 2024 Empowering Growth Small Business Grant provides a total of $50,000 to support local small businesses — the backbone of our economy.
Why This Matters
Small businesses empower local communities, and a thriving small business sector means a thriving community. We’ve seen the struggles and triumphs businesses in our markets face, especially in these post-pandemic times. That’s why we’re stepping up to drive shared success.
Grant Details: Five Chances to Win $10,000
We’re selecting one deserving small business in each of our five markets to win a $10,000 grant. Applications open in a staggered schedule for each market:
- Durham Market— Application Period: Closed
- Winston-Salem Market — Application Period: Closed
- Greensboro Market— Application Period: Closed
- Charlotte Market— Application Period: Closed
- Raleigh Market— Application Period: January 1, 2025 – January 31, 2025
All applications are market-specific and will only be considered during their respective application periods.
Eligibility Details
Businesses must meet the following requirements for consideration:
- Annual Gross Revenues: $500,000 or less.
- Business Age: Four years or younger.
- Loyal Customer: Been with M&F Bank since at least Jan. 31, 2022.
- Team Size: No more than ten employees.
- Local Presence: Operating within the respective county.
- Digital Footprint: Must have a website.
- Account Standing: Your M&F Bank business account should be in good standing.
Please note that certain entities, such as non-profits, real estate investment firms, businesses with M&F Bank vendor ties, and M&F Bank employees or their relatives, are not eligible. Eligibility rules are subject to change at any time.