Grant from Fulton Forward Foundation to support funding for entrepreneurs

From left to right: Lawrence Froymovich, The Enterprise Center Analyst; Inja Coates, The Enterprise Center Associate Director, Portfolio Management; Joe Tredinnick, Fulton Bank Market President; Indah Nuritasari, The Enterprise Center Associate Director, Advisory Services; Miguel Gonzalez, Fulton Bank Consumer Sales Manager; Joel Barnett, Fulton Bank Director of Commercial Affinity Banking; Ian Lawrence, The Enterprise Center EVP; Courtney Wilborn, The Enterprise Center VP, Lending; Tiffany Sharpe; Fulton B

Media Outlet

Central Penn Business Journal
Author

CPBG Staff

Lancaster – Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), and The Enterprise Center today announced a new program to provide early-stage financing to entrepreneurs.

To support the program, Fulton Forward Foundation, an independent, private nonprofit foundation funded by Fulton Bank, has provided a $250,000 grant to The Enterprise Center.

According to a company press release, the grant will provide early-stage funding to entrepreneurs with limited financing options. Investment grants of $10,000 will be made to each business approved by a grant committee established by The Enterprise Center, a community development financial institution in Philadelphia.

Grant recipients also will receive business advisory services from The Enterprise Center and will work with a Diverse Business Banking Advocate from Fulton Bank to monitor progress and provide assistance. Diverse Business Banking Advocates receive special training to enable them to support the growth and success of diverse business owners.

“This partnership with Fulton Bank and Fulton Forward Foundation marks an exciting step forward in our ongoing mission to empower entrepreneurs and small business owners in under-resourced communities,” said Ian Lawrence, EVP at The Enterprise Center, in a press release. “Access to early-stage capital, coupled with tailored advisory services, can be transformative for business owners navigating systemic barriers. Together, we’re creating opportunities for these entrepreneurs to thrive, build wealth, and drive economic growth within the region.”

“We are excited to launch this new program with our partners at Baltimore Community Lending,” said William “Smokey” Glover, Director of Fair and Responsible Banking for Fulton Bank and President of the Fulton Forward Foundation. “This initiative reflects our commitment to providing access to capital and resources to traditionally underserved business owners. As trusted advisors to these entrepreneurs, we can help support them and continue to grow businesses that serve the whole community.”

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