A local credit union partnered with community organizations to facilitate loans for small businesses with needs not met through traditional lending. Leslie Ackerman of Alternatives Federal Credit Union is using this model and presented on it at the BALLE Business Conference. The community organization brings the mission and raises the money.The local investors and community […]
Alternative business financing: community ownership
Many small businesses can’t qualify for a small business loan from a traditional local bank. A bad credit record disqualifies many. Lending standards have tightened. Some small towns are limited by local banks that don’t support small business; others don’t have locally-owned banks any more. The good news is that alternatives are available. We are […]
Alternatives to small business loans: local grants
Many small businesses can’t qualify for a small business loan from a traditional local bank. A bad credit record disqualifies many. Lending standards have tightened. Some small towns are limited by local banks that don’t support small business; others don’t have locally-owned banks any more. The good news is that alternatives are available. We are […]
Local investing will change the face of small towns
Small town businesses are starved for capital, but small town people continue to bank and invest their money with corporate behemoths based on Wall Street. What if we could change investing from a gamble in the stock market into a local development tool? Local investing is the answer. Local Dollars, Local Sense and Locavestingcomplement each […]
