The National Football League announced the loan as part of its efforts geared toward "establishing relationships with diverse financial institutions to provide new economic opportunities typically only available to larger financial institutions."
The sports organization is aiming to stimulate economic viability for Black- and minority-owned banks by borrowing $78 million from a large group of them.
NEW YORK, NY - The NFL today announced it is borrowing $78 million from 16 Minority Depository Institutions , Community Development Financial Institutions and minority- and women-focused banks. | June 15, 2023