Bon Secours, which is part of Bon Secours Mercy Health, announced it has approved a five-year, $750,000 loan to Greenville nonprofit financial organization CommunityWorks.
“CommunityWorks is excited to expand our partnership with Bon Secours to support economic opportunities for underserved populations in core redeveloping areas,” said CommunityWorks CEO Tammie Hoy Hawkins. “Bon Secours has been a partner of ours since 2015. The increased investment will enable CW to expand partnerships and develop innovative financing that supports neighborhood-based small businesses and affordable housing opportunities in rapidly gentrified neighborhoods throughout Greenville.”
The $750,000 loan is part of Bon Secours’ Community Investment Program, where a portion of investment funds are loaned to community projects. These funds are made available to borrowers at low, or below market, rates to foster improvements in the overall health of communities.