Synchrony announced it will provide financial support toward helping small businesses impacted by the pandemic response.
Through its foundation, Synchrony Foundation, the company pledges to provide financial support and intellectual capital for small businesses.
The support comes by way of grants, access to customizable digital tools and consulting services. To that end, the foundation has committed $5 million in support to national community organizations that help small businesses. This includes $2 million to the Local Initiatives Support Corporation (LISC), a national community development organization. The LISC will provide emergency grants to minority-owned businesses in underserved communities.
