CALLS FROM MINORITY BUSINESSES FLOOD MONEY STORE OFFICES.WASHINGTON--(BUSINESS WIRE)--May 30, 1995--Since announcing its start-up Start-up The earliest stage of a new business venture. less than a week ago, the Community Capital Group (CCG CCG Chicago CCG Collectible Card Game CCG Canadian Coast Guard CCG Country Commercial Guide CCG Children's Cancer Group CCG Commission Canadienne des Grains (Canadian Grain Commission) ) has received more than 100 calls from minority-owned firms seeking information on its lending programs. CCG, a new division of The Money Store, will provide financing to qualified minority-owned businesses. "The amount of interest in this program is proof of the need for this type of financing," said Robert Edwards
Robert Edwards and Rob Edwards may refer to: In sport:
Arlington, county (1990 pop. 170,936), N Va., across the Potomac River from Washington, D.C. Arlington is a residential and commercial suburb of Washington. , VA. "The Money Store has always been a trendsetter trend·set·ter n. One that initiates or popularizes a trend: "The Golden State, ever the trendsetter, reformed its property tax" New York. and this program demonstrates the company's ability to identify a financing need and respond with the appropriate product. CCG was established to help minority businesses who often find it difficult to obtain the financing they need to purchase, expand, or start a business." Loans made through the Community Capital Group will be guaranteed by the U.S. Small Business Administration (SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government ) and processed by The Money Store Investment Corporation (TMSIC), the SBA lending division of The Money Store, Inc. Loans from $25,000 to $2.5 million are available through several different SBA programs at competitive rates, with terms up to 25 years, and up to 90 percent loan-to-value, depending on the program and the use of funds. Financing can be used to purchase commercial real estate, equipment, for working capital and other qualified purposes. Potential borrowers can call CCG's toll-free number -- 1-800-579-1702 -- for more information on the programs available to them. "We are pleased to be filling this void and have dedicated a team of professionals to this effort to ensure that loans are processed quickly and efficiently," said Edwards. Based in Sacramento, CA, TMSIC has been the nation's number one SBA lender for 12 consecutive years and approved more than $470 million in loans during 1994. Typical recipients of SBA loans through TMSIC are professional service firms, manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , wholesale/distributors and various retail businesses. CONTACT: The Marcus Group, Inc. Evelyn Butler, 201/902-9000. |
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