The Regions Foundation, a nonprofit initiative of Regions Bank that supports community investments, announced a $100,000 grant for PeopleFund, a Community Development Financial Institution (CDFI) that is helping small businesses affected by the coronavirus.

PeopleFund is focused on creating economic opportunities and financial stability across Texas. The nonprofit reaches the underserved through access to capital, education and resources to build healthy small businesses.

“Small businesses, especially the most vulnerable, those that are minority-owned, and those in low- and moderate-income communities, need our help, and they need it now,” said Gustavo Lasala, President and CEO of PeopleFund. “Very early in the crisis, PeopleFund started offering payment accommodations and bridge loans with zero interest and no payments for six months. In addition to that, we are helping business owners develop their own disaster-response plans and navigate through the federal assistance available. It would not be possible to sustain these efforts without the generous support from organizations like the Regions Foundation.”

PeopleFund’s resources specific to coronavirus impacts can be found at this link.