Meridian Health Plan of Illinois, Inc., a Centene Corporation company, announced a partnership with Liberty Bank and Trust to create a new small business loan program. Meridian has granted $500,000 in seed funding to Liberty's Lighting Loan Program.
This grant will support $2.5 million in lending power for minority-owned or led small businesses based in Illinois. The program aims to fuel growth and community development by providing quick access to capital, with a fast application process of as little as 48 hours.
The partnership builds on Meridian's commitment to diversity, equity, and inclusion, and its dedication to investing in partners and suppliers who support the communities it serves. This initiative addresses economic stability, a key social determinant of health.
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