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Bank of America partners with Main Street Launch for veteran-owned business program

Olivia Rockeman
American City Business Journals
Bank of America partners with Main Street Launch for veteran-owned business program

Bank of America has launched a $20 million program to offer affordable loans to veteran-owned businesses, with partners including an Oakland-based lender with a history of financing Sacramento-area businesses. Charlotte, North Carolina-based Bank of America (NYSE: BAC) will partner with nonprofit lending institutions in seven states, including Main Street Launch based in Oakland. Prior to its partnership with Bank of America, Main Street Launch's veteran lending program provided financing to digital marketing agency Tytanium Ideas in Rocklin, Fair Game Retro Video Games in Carmichael, The Waffle Experience in Sacramento and Millennium Family Entertainment Center in Yuba City.  In addition to the $20 million contribution in loan funding, Bank of America will provide $1.3 million in grants to help the partner lending institutions manage operating costs, Bank of America said in a news release.