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Business loans offered to Cumberland County small businesses - Central Penn Business Journal

Business loans offered to Cumberland County small businesses - Central Penn Business Journal
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Christy-zitsch , Economic-development , Small-business-credit-initiative , Cumberland-area-economic-development-corp , Cumberland-area-economic-development , State-small-business-credit-initiative , Very-small-businesses , Economically-disadvantaged-individual , Development-manager-christy ,

Governor Moore Announces $15 Million Available for Small Business Relief  - The Baltimore Times Online Newspaper

Governor Moore Announces $15 Million Available for Small Business Relief  - The Baltimore Times Online Newspaper
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Maryland , United-states , Everettk-sands , Wes-moore , Maryland-department-of-housing , Us-treasury-department , Small-business-credit-initiative , Department-of-housing , Community-development , Community-development-fund-institution , Maryland-state-small-business-credit-initiative , African-small-business-lending-company

Local News - Southern Maryland Country 102.9 WKIK

Governor Wes Moore today announced a $15 million commitment to minority-led small business lender Lendistry to provide relief to Maryland small businesses. The commitment is the latest investment through the State Small Business Credit Initiative, through which Maryland is deploying up to $198 million in federal relief.

“As the first Community Development Fund Institution to begin offering loans through Maryland’s State Small Business Credit Initiative program, Lendistry will unlock opportunities for small businesses to grow and expand in the state,” said Gov. Moore. “Through this infusion of funds, the state can work with lenders to reach even more businesses that need investment to support their success.”

The initiative is administered by three state agencies through nine programs. Through the Department of Housing and Community Development’s Neighborhood BusinessWorks Loan to Lender program, Lendistry will be able to lend up to $250,000 to small businesses that are owned and operated by Socially and Economically Disadvantaged Individuals; Very Small Businesses; or are in Community Development Financial Institutions Investment Areas.??

“The Neighborhood BusinessWorks program is a great resource to stimulate investment in communities that are prime for revitalization,” said Maryland Department of Housing and Community Development Secretary Jake Day. “The funds allow us to go above and beyond the department’s regular lending capacity and serve even more businesses across the state.”

Maryland was the first state in the nation to submit its State Small Business Credit Initiative deployment plan to the U.S. Treasury Department, and was one of the first five states to be approved for the funding.

Lendistry is a minority-led small business and commercial real estate lender that is dedicated to providing economic opportunities and progressive growth for borrowers and their communities. In 2022, Lendistry became the nation’s only African American-led Small Business Administration-designated Small Business Lending Company.

Since Lendistry was established in 2015, it has deployed more than $8.9 billion in small business loans and grants across the country, and supported more than 595,000 small businesses. It has allocated more than 74% of the funding to minority-owned businesses.

“Lendistry is committed to giving small businesses the best possible chance at fair and responsible financing they need to grow, and I’m confident this partnership will make a significant impact,” said Lendistry CEO, Everett K. Sands. “State Small Business Credit Initiative programs help compensate for common shortfalls that underserved and undercapitalized business borrowers experience. Combining these programs with our accessible fintech platform will make a positive difference for Maryland communities that have been ready to grow for a long time.”

State Small Business Credit Initiative program funds are also administered by the Maryland Department of Commerce, and the Maryland Technology Development Corporation. To learn more, visit open.maryland.gov/ssbci.

To apply for a loan through Lendistry, go to https://dhcd.maryland.gov/Business/Pages/SSBCI/SSBCI-NBW.aspx#ParticipatingCDFIs.

Maryland , United-states , Wes-moore , Everettk-sands , Maryland-state-small-business-credit-initiative , Community-development-financial-institutions-investment-areas , Maryland-department-of-housing , African-small-business-lending-company , Maryland-technology-development-corporation , Department-of-housing , Small-business-credit-initiative , Community-development-fund-institution

PA CDFI network secures $45M

The Pennsylvania CDFI Network secured a $45 million allocation of the State Small Business Credit Initiative (SSBCI) in partnership with 11 community

Erie , Pennsylvania , United-states , Philadelphia , Johnstown , American , Varsovia-fernandez , Daniel-betancourt , Community-first-fund , Pennsylvania-department-of-community , Community-capital-of-philadelphia , Small-business-credit-initiative

Pennsylvania CDFI Network Secures $45 Million

Pennsylvania CDFI Network Secures $45 Million
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Erie , Pennsylvania , United-states , Philadelphia , Johnstown , American , Varsovia-fernandez , Daniel-betancourt , Community-first-fund , Pennsylvania-department-of-community , Community-capital-of-philadelphia , Small-business-credit-initiative

PENNSYLVANIA CDFI NETWORK SECURES $45 MILLION

Minority Small Businesses Have a New Financing Option in the Commonwealth

Erie , Pennsylvania , United-states , Philadelphia , Johnstown , American , Varsovia-fernandez , Jasmine-chaulisant , Daniel-betancourt , Community-first-fund , Pennsylvania-department-of-community , Community-capital-of-philadelphia

Big Capital for Small Business | Nowak Metro Finance Lab

Big Capital for Small Business | Nowak Metro Finance Lab
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Arizona , United-states , Kauffman-foundation , Missouri , Pennsylvania , Wisconsin , American , Ewing-marion-kauffman-foundation , Small-business-credit-initiative , Nowak-metro-finance-lab , National-league

4ème édition des Journées Nationales des Chefs d'Entreprises (JNCE): la cartographie économique et les opportunités d'affaires du Sud-Comoé mis en valeur

4ème édition des Journées Nationales des Chefs d'Entreprises (JNCE): la cartographie économique et les opportunités d'affaires du Sud-Comoé mis en valeur
abidjan.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abidjan.net Daily Mail and Mail on Sunday newspapers.

Coted-ivoire , Comoe , Côd-ivoire-general- , Aboisso , Sud-comoév , Ivory-coast , Koffi-emmanuel , Days-national , Large-company , Chiefs-business , Prime-minister , Coast-ivory

Actualités Cameroun :: Packaging des denrées alimentaires : Le DACC vole au secours des PMEs :: Cameroon news

Les responsables de 40 très petites , petites et moyennes entreprises
sont en conclave à Douala depuis le mercredi 18 Août à
l’initiative du dispositif d’appui...

Douala , Littoral , Cameroon , Group-interstate , Contractors-network , News-cameroon , Wednesday-august , Very-small-businesses , Business-pairing , Group-interstate-professional , Women-business

Programme d'appui à la productivité des PME : L'agence Côte d'Ivoire PME initie un atelier de suivi de de la mise en œuvre de la Cohorte III

Programme d'appui à la productivité des PME : L'agence Côte d'Ivoire PME initie un atelier de suivi de de la mise en œuvre de la Cohorte III
abidjan.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abidjan.net Daily Mail and Mail on Sunday newspapers.

Germany , Coted-ivoire , Ivorian , German , Alassane-ouattara , Huguette-kohoue-lawson , Beho-sonnezere-franck , Our-office , German-federal-ministry-of-foreign-affairs , German-international-zusammenarbeit-gesellschaft , German-federal-ministry , Programme-support-to-the-productivity