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Article: Financial news: carving a new path. (minority loans increased by a team composed of Carver Bancorp Inc., McCall, and New York Business Development Corp. and the New York State Common Retirement Fund's Comptroller H. Carl McCall)(Newspoints)(Brief Article)
- Article from:
- Black Enterprise
- Article date:
- October 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Earl G. Graves Publishing Co., Inc. 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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Carver Bancrop teams with McCall, NYBDC to increase minority loans by $200 million
Often the biggest obstacle for African American businesses to hurdle is access to start-up and expansion capkal. In order to increase lending opportunities in the Big Apple, New York based Carver Bancorp Inc. aligned with the New York Business Development Corp. (NYBDC) and the New York State Common Retirement Fund to significantly increase its loans to minority- and women-owned businesses.
The New York State Common Retirement Fund, headed by State Comptroller H. Carl McCall, has committed $200 million to NYBDC to fund small business loans and expand outreach efforts to ...
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