Congratulations to the 57 Sones & White Consulting clients receiving awards in this year’s Bank Enterprise Award (BEA) Program funding round. SWC clients were awarded $9.7 million in this round, which accounts for over 37% of the total amount awarded nationally. This marks the ninth consecutive year that our CDFI banks have had a 100% BEA Application success rate.
The BEA Program is an annual grant program that awards FDIC-insured depository institutions for increasing lending and investments in Distressed Communities. Certified CDFI banks receive funding priority and increased award calculations.
Please contact us if you would like Sones & White Consulting to perform a CDFI Certification Assessment for your bank.