Payments

Keybank intros $5M line of credit for Bridgeway

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September 19, 2023

Keybank Community Development Financial Institutions Group recently provided a $5 million line of credit to Bridgeway Capital to expand lending programs into eastern Ohio for minority and women-owned businesses. In particular, the bank aims to help underserved areas gain access to capital, according to a press release.

"Bridgeway has been a long-standing customer of KeyBank, and we are delighted to extend this new facility to help support underserved entrepreneurs grow businesses, revitalize and stabilize neighborhoods," Brian Maddox, national team leader for KeyBank Community Development Financial Institutions Group, said in the release. "Bridgeway has been a driver of capital for minority, women, immigrant and veteran-owned businesses in economically distressed urban and rural areas throughout western Pennsylvania and we're thrilled to see their footprint expand into eastern Ohio."