TMC Community Capital Receives $375,000 Contribution from U.S. Bank
Los Angeles, CA — TMC Community Capital, a nonprofit Community Development Financial Institution known for innovation and a strong borrower experience, is proud to announce a $375,000 contribution from U.S. Bank to support organization operations and long-term recovery for micro-entrepreneurs impacted by the Los Angeles wildfires.
When the fires first broke out, TMC Community Capital launched a rapid relief grant program within six days, delivering $5,000 no-strings-attached grants to 127 entrepreneurs. As recovery continues, the funding from U.S. Bank supports Phase Two through a forgivable loan program that provides larger capital injections for rebuilding, processed within one week through TMC Community Capital’s fintech lending platform.
This support arrives at a critical moment, as many Los Angeles entrepreneurs continue to recover from the lasting impacts of recent wildfires. While the immediate crisis required rapid response, long-term rebuilding demands sustained support.
“We've learned that true recovery is built over time and depends on committed supporters,” said Bobby Kobara of TMC Community Capital. “The funding from U.S. Bank will help provide small business owners with the capital they need to rebuild stronger, remain resilient, and strengthen the long-term health of Los Angeles’ small business ecosystem."
“Supporting small businesses is an investment in today and our future. We’re proud to work with organizations like TMC Community Capital to help small businesses recover, prosper and build thriving communities,” said Rockette Richardson Ewell, community affairs manager at U.S. Bank.
To ensure recovery does not stop at short-term relief, TMC Community Capital is committed to deploying $2 million this year in long-term recovery capital for entrepreneurs impacted by the wildfires. This investment reflects a continued promise to stand with small business owners beyond the moment of crisis and support the full journey toward stability, growth, and renewal.
About TMC Community Capital:
TMC Community Capital is transforming the microfinance landscape by addressing unmet needs and meeting small businesses where they are. As a nonprofit CDFI, TMC Community Capital is dedicated to leveling the financial playing field and empowering women-owned, low-income, and under-resourced small businesses in California. By driving financial equity, bridging the digital divide, and delivering an outstanding user experience, TMC Community Capital ensures these businesses have the resources they need to thrive.
About U.S. Bancorp:
U.S. Bancorp, with approximately 70,000 employees and $692 billion in assets as of December 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.