The Wisconsin Women’s Business Initiative Corp. (WWBIC) received a $1 million investment from Charter Communications’ Spectrum Community Investment Loan Fund to help startups and small businesses, the company announced recently.

“WWBIC is thrilled with this new investment through Charter,” WWBIC President Wendy Baumann said in a statement. “Such capital investments allow WWBIC to continue advancing our access to responsible capital and enable us to grow and serve more entrepreneurs and business owners.”

According to a release, Charter launched the Loan Fund in February to help small businesses whose goods and services help meet core needs in underserved communities within its territory.

WWBIC has been lending money through micro and small business loans since 1987.