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Video: Dance Studio Among Small Businesses Benefitting From $750,000 Grant

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U.S. Bank Foundation grants $750,000 to Accessity to help small businesses access capital and resources. Accessity provided a $8,000 loan to Deseo Studios, enabling them to thrive and secure traditional credit from U.S. Bank. Positive impact on small businesses and potential growth opportunities.
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  • U.S. Bank Foundation grants $750,000 to Accessity to help small businesses access capital and resources. Accessity provided a $8,000 loan to Deseo Studios, enabling them to thrive and secure traditional credit from U.S. Bank. Positive impact on small businesses and potential growth opportunities.
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U.S. Bank Foundation grant to nonprofit lender Accessity helps small businesses gain access to capital and resources

Originally published on U.S. Bank company blog

NORTHAMPTON, MA / ACCESSWIRE / September 29, 2023 / When Serena Cuevas wanted to open her own dance studio after more than a decade of performing and leading classes, her U.S. Bank banker Adolfo Hernandez told her she didn't qualify for a traditional line of credit.

But that wasn't the end of their conversation. Hernandez referred Cuevas to Accessity, which provided her with an $8,000 loan to cover rent and marketing expenses, as well as hire a new staff member and maintain 11 other youth and adult instructor jobs.

The business, Deseo Studios in San Diego, is now thriving and Cuevas has been able to secure traditional credit from U.S. Bank to help Deseo continue to grow.

This is one example of how Accessity helps small businesses grow, and why the U.S. Bank Foundation recently provided Accessity with a $750,000 multiyear grant.

For more about Accessity and Deseo Studios, watch the short video linked above.

View additional multimedia and more ESG storytelling from U.S. Bank on 3blmedia.com.

Contact Info:
Spokesperson: U.S. Bank
Website: https://www.3blmedia.com/profiles/us-bank
Email: info@3blmedia.com

SOURCE: U.S. Bank



View source version on accesswire.com:
https://www.accesswire.com/788720/video-dance-studio-among-small-businesses-benefitting-from-750000-grant

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we believe in putting people first, and our dedication to making ethical decisions and doing the right thing is at the heart of what we do. we're proud to be named by ethisphere as a 2017 world's most ethical company. we work to meet our customers’ business and personal banking needs with competitive products and services, convenient access to their accounts, and proven stability backed by industry-leading financial metrics. with more than 4,800 atms, 3,088 branch locations, 24-hour phone support and mobile and online banking, we make it easy for our customers to manage their money any time. please note: equal housing lender. credit products are offered by u.s bank national association and subject to normal credit approval. some restrictions may apply. deposit products offered by u.s. bank national association. member fdic.