Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
N.C. sets 6.5M to insure Self-Helps small-biz loans
DURHAM, N.C. (10/12/10)--North Carolina has set up a $6.5 million Small Business Assistance Fund to insure Self-Help CU in Durham, N.C., as it helps small businesses that might not otherwise qualify to borrow. The fund uses $1.5 million from the North Carolina legislature, plus a $5 million grant from the North Carolina Golden LEAF Foundation (The Fayetteville Observer Oct. 7). The $6.5 million will allow the fund to cover defaults, Dan Gerlach, Golden Leaf Foundation president, told the newspaper. “This enables them to take some of those loans that might be at the edge, might give them enough confidence to take the loan,” he said. Self-Help agreed to leverage the $6.5 million to lend as much as $32.5 million, Donna Flick, an underwriter at the North Carolina Rural Economic Development Center, which is administering the project for the state, told the paper. To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
1 hour ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
1 hour ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
2 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
3 hours ago
.@Cornerstone_CUL in 2014: $9K in savings per member #NewsNow #CUSystem http://t.co/7LnsV876cs
5 hours ago