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Attention Small Businesses: Starbucks Wants To Be Your Bank

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Who says big business hasn't helped this country?

Soon, you'll be able to get way more than a cup of coffee at your local Starbucks, if the company has its way.

At the behest of CEO Howard Shultz, Starbucks has already plunked $5 million into its latest community initiative: becoming your bank.

Actually, because the originators are fed up with the government and bank systems, it's more like they're becoming your credit union. With what he calls "the jobs emergency," the java house giant is asking other companies to join them in creating a loan system for small businesses in an initiative it's calling "Create Jobs for USA." 

The program starts Nov. 1 and leaves the government out of the equation. Taking his cues from the fact that there are more than 7,000 Starbucks in the United States, Howard has proposed a plan that will ask Americans to donate to small business people when they buy coffee. If they donate $5 or more, individuals will get an awesome patriotic wristband -- red, white and blue with the word "Indivisible."

They've already partnered with Opportunity Finance Network, which lends money to under-served communities, but they want other businesses to join the effort.

Sign us up!


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