A $1 million investment with Fresno-based Access Plus Capital will mean more opportunities for small businesses.

The nonprofit announced Monday that the funding from Community West Bank will help stimulate economic growth, especially in underserved areas.

Community West was previously Central Valley Community Bank.

“This investment from Community West bank is a testament to the power of collaboration in building stronger, more equitable communities,” said Tate Hill, president and CEO of Access Plus Capital. “With this partnership, we can extend our impact by providing more entrepreneurs with the resources they need to succeed, fostering economic mobility in the areas we serve.”

Funding Helps Create Equity With Business Financing

Founded in 2008, Access Plus Capital has provided more than $60 million in financing to 1,500 businesses, creating 3,000 jobs in diverse industries, according to the organization.

New businesses can receive 75% of their startup costs, existing businesses can get different levels of loans, and ventures can get money for green endeavors. Access Plus Capital has helped fund restaurants, janitorial services, and grocery stores.

In 2023, the community development financial institution provided $6 million in funding to 104 businesses, 91% of which were owned by minorities, according to their impact report from that year.

Fresno County businesses received more than 50% of those funds.

James Kim, president and CEO of Community West Bank, said the investment helps those business owners who have difficulty securing funding.

“Community West Bank is proud to partner with Access Plus Capital in support of the mission to eliminate economic barriers to financial success through fair and equitable community investment,” Kim said.