Flagstar Bank awarded grants of $5,000 to 180 small businesses owned by people of color. The grants are intended to assist businesses whose operating expenses have been impacted by COVID-19.

Small businesses with diverse ownership, revenues of no more than $1 million that operate in Flagstar’s footprint of Michigan; Fort Wayne and South Bend, Ind.; and the High Desert of San Bernardino County, Calif., were eligible.

More than 1,200 businesses applied for the grants made available through nine Flagstar nonprofit partners with a mission to assist people of color in Michigan, Indiana and California. Each nonprofit partner received a stipend for program administration, including applications, selecting awardees and distributing the grants on Flagstar Bank’s behalf.

“Based on the overwhelming response we’ve received, I think we’ve struck at the heart of a huge need in our communities,” said Alessandro DiNello, president and CEO of Flagstar Bank. “The economic impact of the pandemic has hit small businesses hard, and small businesses owned by people of color even harder. We are pleased and proud to provide critical funding at such a critical time in the lifecycle of these businesses.”

A complete list of recipients is listed below.

Indiana