Florida credit unions are funding business loans and filling the gap left by commercial banks Case In Point John DeNucci finally got the loan he needed to build his Fernandina Beach ice cream shop from what he thought an unlikely source – a credit union. “I never would have thought of going to a...
Credit unions are filling the void left by banks to fund business loans Banks have curtailed the amount of new commercial loans they will finance since the financial crisis began in 2008. Burned by bad commercial real estate loans, and struggling to meet regulatory pressures to reduce the concentrations of real estate loans in...
Small Business Development Center i3 Advanced Technology Incubator helps small business owners The Advanced Technology Incubator (ATI) provides free or low-cost help to turn an idea into a viable business plan. The ATI was created more than five years ago and currently operates as an SBDC program, through funding from the U.S. Small Business...
Small Business Development Center’s Young Entrepreneurs Program choke full of benefits Since the program began in 2007, more than 700 young people between the ages of 14 and 27 have participated. Along the way, they’ve realized that entrepreneurship can be a viable career path while learning how to think and act like an entrepreneur...
Alabama state officials distributed $12 million the first of March to revolving loan funds meant to spur job creation. Each of the state’s 12 regional planning councils received $1 million, including the South Alabama Regional Planning Commission, which serves Mobile, Baldwin and Escambia counties, and the Alabama-Tombigbee Regional Commission, which includes Choctaw, Clarke, Conecuh,...
An expanded and renamed state program is offering interest-free loans of up to $20,000 to recently retired military service members who want to start businesses and to established small businesses that suffered due to the loss of essential employees called to military service, said state Sen. Claire Robling, R-Jordan, about a law passed during...
In these tough times, it’s hard for folks to get a loan, but one mid-state city is allowing people to borrow money in an effort to create more jobs. For 32 years, David Lynn has been an entrepreneur and knows starting a business is not always easy. “24 hours a day. It’s a lot...
Massachusetts small businesses, seeing prospects improving, are borrowing more money through SBA government loan programs funded through local banks and other financial entities. East Boston Savings Bank Among the new SBA lenders is East Boston Savings Bank, which has made nearly $2 million in SBA loans since October, according to the agency. Eastern Bank,...
U.S. Small Business Administration (SBA) lending in Connecticut has released the loan volume report through April 2010, representing seven months of the fiscal year, and indicated Fairfield County Bank finished in the top two for banks in 7a and 504 loans. As of April 30, Fairfield County Bank has made 27 SBA 7a loans...
Eight to 10 times a month, an experienced real estate investor calls or walks into the Wheat Ridge office of Pine Financial hoping to borrow money and walks away with a check. At least as often, inquiries come from newbie or wannabe investors pondering the purchase of a fix-up property. When they ask about...
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