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New loan will finance next phase of Dallas' RedBird redevelopment


New loan will finance next phase of Dallas’ RedBird redevelopment
Steve Brown, The Dallas Morning News
Two local banks have teamed up to provide construction financing for the next phase of redevelopment of the former RedBird Mall property in Southwest Dallas.
Texas Security Bank and Texas Brand Bank are making $13.5 million in construction loans for the build-out of the central, office portion of the project at Interstate 20 and U.S. Highway 67.
The almost $200 million redevelopment of the former shopping mall site includes new retail and apartments, a hotel and office space. Texas Security Bank and Texas Brand Bank supplied the construction funding to create offices a combination of new construction and recycling existing space. ....

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If your business missed out on the PPP program, here's where else you can turn for money


If your business missed out on the PPP program, here’s where else you can turn for money
The nearly $670 billion PPP program is down to about $9 billion reserved for community financial institutions.
The U.S. Small Business Administration recently said the Payroll Protection Program exhausted loan money available to traditional banks weeks before the planned May 31 cutoff date.(U.S. Small Business Administration)
11:12 AM on May 12, 2021 CDT
The Paycheck Protection Program was seen as a limitless treasure chest when it launched a year ago to help small businesses weather the economic catastrophe brought on by the COVID-19 pandemic. ....

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