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Exciting News from M&F Bank

The 2024 Empowering Growth Small Business Grant

M&F Bank is not just a financial institution — we’re your community partner.

The 2024 Empowering Growth Small Business Grant provides a total of $50,000 to support local small businesses — the backbone of our economy.


Why This Matters

Small businesses empower local communities, and a thriving small business sector means a thriving community. We’ve seen the struggles and triumphs businesses in our markets face, especially in these post-pandemic times. That’s why we’re stepping up to drive shared success.

Grant Details: Five Chances to Win $10,000

We’re selecting one deserving small business in each of our five markets to win a $10,000 grant. Applications open in a staggered schedule for each market:

  • Durham Market— Application Period: Closed January 31, 2024
  • Winston-Salem Market — Application Period: Closed January 31, 2024​
  • Greensboro Market— Application Period: May 1, 2024 – May 31, 2024
  • Charlotte Market— Application Period: July 1, 2024 – July 31, 2024
  • Raleigh Market— Application Period: September 1, 2024 – September 30, 2024

All applications are market-specific and will only be considered during their respective application periods.

Eligibility Details

Businesses must meet the following requirements for consideration:

  1. Annual Gross Revenues: $500,000 or less.
  2. Business Age: Ten years or younger.
  3. Loyal Customer: Been with M&F Bank since at least Jan. 31, 2022.
  4. Team Size: No more than ten employees.
  5. Local Presence: Operating within the respective county.
  6. Digital Footprint: Must have a website.
  7. Account Standing: Your M&F Bank business account should be in good standing.

Please note certain entities like non-profits, real estate investment firms, businesses with M&F Bank vendor ties, and M&F Bank employees or their relatives are not eligible. M&F Bank reserves the right to modify eligibility criteria at any time.

Ready to Empower Growth Together?

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