News & Events

Minority-owned businesses impacted by COVID-19 can apply for $10,000 grants beginning August 16

Aug 17, 2021

August 16, 2021 - Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is helping Detroit get Back2Business by providing support to small, minority-owned businesses that have been disproportionately impacted by the COVID-19 pandemic.

The Fiserv Back2Business program is part of a $50 million commitment to provide financial grants of $10,000 and connect minority-owned small businesses with critical resources, including complimentary consulting, leading technology solutions such as the Clover® point-of-sale platform from Fiserv, and community partners. 

Eligible Black- or minority-owned small businesses located in Macomb, Wayne, Oakland and Washtenaw counties may apply for a Back2Business grant to assist with payroll, rent or lease payments, technology or equipment purchases, or premise redesign. Merchants must have revenues of less than $1 million annually, be founded prior to June 1, 2019 and have fewer than 10 employees. Applications will be accepted beginning August 16 at aeoworks.org/fiserv/.

Detroit Merchants Getting Back2Business

On August 16, Fiserv presented Back2Business grants to three Detroit-area merchants, each of which is also a client of First State Bank. Those receiving grants were:

• Denise Lomax of Child Star Development Center, a child-care provider that treats children as unique individuals so they can become all they can be.
• David Anderson of Anderson & Son Painting, a painting company offering deck weatherproofing, wood finishing, deck refinishing and other services.
• Saad Attisha of Sahara Restaurant & Grill, a restaurant and caterer providing Middle Eastern cuisine since 1982.

“Many small businesses are continuing to feel the impact of the Covid-19 pandemic,” said Neil Wilcox, head of Corporate Social Responsibility at Fiserv. “Through the Back2Business program, Fiserv is committed to providing capital and technology to help sustain these businesses and fuel growth in our community.”

In addition to Detroit, Fiserv has sponsored Back2Business Grants in multiple other cities where small business communities have been heavily impacted, including New York, Milwaukee, Miami, Atlanta, Chicago, Tulsa, Oklahoma and Oakland, California. To date, Fiserv has presented more than 900 grants to small businesses through the program.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover^® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500^® Index and the FORTUNE^® 500, and is among the FORTUNE World’s Most Admired Companies^®. Visit fiserv.com and follow on social media for more information and the latest company news. 

About First State Bank

First State Bank is headquartered in St. Clair Shores, Michigan. With 101 years of service and $695 million in assets, First State Bank serves Macomb County with 11 branch offices located in Chesterfield Township, Clinton Township, Eastpointe, Macomb Township, Richmond, St. Clair Shores, Sterling Heights, Washington Township and a Loan Center in Clinton Township. For more information, please visit www.fsb.bank or call 866-372-1275.