Major League Soccer has announced a partnership with the National Black Bank Foundation (NBBF) that will see the league leverage a $25 million loan with Black banks.

"Major League Soccer's partnership with the National Black Bank Foundation is a tangible step in the efforts to close the racial economic gap in the United States, and it's the right business decision for us," MLS Commissioner Don Garber said in a statement.

"As a league, we continue to increase our initiatives in support of racial justice. In order to make a genuine impact, economic justice must be part of the equation.