By Delilah Catalino

I’m always looking for ways to amplify opportunities for growth—especially for small business owners. That’s why I’m excited to support the merger between Capital One and Discover, and the transformative $265 billion Community Benefits Plan (CBP) that accompanies it.

This plan represents a bold step forward, particularly for those who have historically faced barriers in accessing financial services. With $200 billion committed to lending for low- and moderate-income (LMI) individuals and communities, entrepreneurs will finally have the opportunity to access the capital they need to grow and sustain their businesses. The fact that $15 billion is specifically earmarked for small business lending in LMI areas is a game-changer.

Access to loans is crucial for small businesses in underserved communities, as it provides the financial resources needed to grow and thrive. Without funding, small businesses are limited in their ability to expand, hire employees, or invest in new technologies.

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Loans help bridge this gap, empowering entrepreneurs to innovate and create local jobs, while stimulating economic development in areas that need it most. By offering financial support, the CBP will contribute to building more resilient and inclusive economies, fostering opportunity and long-term prosperity in communities that are frequently overlooked.

As the co-host of the Non-Corporate Girls podcast, where we help people pivot and thrive in both their personal and professional lives, we’re passionate about helping others take control of their careers and futures, and this type of investment creates real, tangible pathways for growth, particularly for those in underserved communities. Capital One’s proven track record of helping individuals with subprime credit improve their financial standing is another reason I’m optimistic about the merger. By offering tools and resources to elevate credit scores, this plan supports not only business growth but also personal financial empowerment.

Another standout aspect of the CBP is the $5 billion allocated for spending with diverse suppliers. I know firsthand how important it is for minority-owned businesses to have a seat at the table. The opportunities this will create for businesses run by women, people of color, and other marginalized groups cannot be overstated. It’s about leveling the playing field and ensuring that diversity is celebrated, not sidelined.

What impresses me most is the collaborative nature of this plan. Capital One has clearly listened to community leaders and organizations, like the National Association for Latino Community Asset Builders, to ensure that the investments made under this plan will address real, on-the-ground needs. It’s refreshing to see a major financial institution take a thoughtful, community-focused approach rather than a one-size-fits-all solution.

In short, the merger between Capital One and Discover, coupled with the CBP, is exactly the kind of forward-thinking strategy we need to build stronger, more inclusive communities. It’s not just about business growth; it’s about creating opportunities for all individuals to thrive. I fully support this merger and look forward to seeing the positive impact it will have on small businesses, especially those led by women and minorities.

Delilah Catalino is the co-host of Non-Corporate Girls podcast, a podcast about helping people pivot in their personal and professional lives.