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Article: U.S. Bank Offers Small Business Administration Loan Program That Invests in Challenged Communities.
- Article from:
- Business Wire
- Article date:
- June 9, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
MINNEAPOLIS--(BUSINESS WIRE)--June 9, 2003
U.S. Bank, in conjunction with the U.S. Small Business Administration (SBA), is rolling out a new loan program that is geared for businesses in low-to-moderate income communities and areas with high concentrations of minority residents that will help bolster areas that are facing economic challenges.
The U.S. Bank SBA Community Express program is currently available in Minneapolis, Cincinnati, Milwaukee and Seattle, and will expand more broadly later in 2003. The program is for loans and lines of credit up to $250,000, and startup businesses are eligible.
"We're offering this ...