CommunityWorks, a statewide nonprofit lending institution, announced July 21 it received a $1 million investment from Southern First Bank.
The financial institution will use the investment to support its statewide small business and affordable housing lending.
“Southern First is an amazing community partner,” said CommunityWorks CEO Tammie Hoy Hawkins. “We are honored to have the opportunity to work with them through this investment to support capital opportunities for small businesses and affordable housing projects across South Carolina.”
Since its inception in 2008, CommunityWorks has generated more than $382 million in local economic impact, serving 7,352 families through small and micro business loans, business and financial coaching, affordable housing and community loans, and down payment assistance.
