Live Oak Bank Grant Fuels Workforce Mobility Through The Forward Fund
Live Oak Bank highlighted the first-year impact of its five-year, $1 million commitment to The Forward Fund, a North Carolina-based workforce mobility initiative. The program issued $2.3 million in zero-interest loans to over 270 individuals for career training in high-demand fields such as CDL, nursing, and electrical linework.
Key figures
- Loans issued y1
- 2300000
- Grant commitment
- 1000000
- Loans in repayment
- 1400000
- Grant duration years
- 5
- Individuals served y1
- 270
- Avg post program salary
- 45000
- Partnerships established
- 8
- Estimated annual earnings generated
- 2800000
AI analysis
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