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Justine PETERSEN helping improve capital access for small, micro businesses.

BANKING AND CREDIT NEWS-June 11, 2015-Justine PETERSEN helping improve capital access for small, micro businesses

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Non-profit lender Justine PETERSEN said it is participating in the TILT Forward Initiative, which has received a USD2.7 million grant from the Sam's Club Giving Program to improve access to capital for millions of small business owners and entrepreneurs across the country.

Launched by the Association for Enterprise Opportunity (AEO), the TILT Forward Initiative brings best-in-class product, capital and marketing solutions to a network of community and non-profit lenders, such as Justine PETERSEN. The Initiative allows small businesses, including 11 million Main Street businesses located in underserved communities, to have better, quicker and fairly priced access to capital.

During a TILT Forward pilot program, more than USD1 million in loans were originated by Justine PETERSEN, and The Intersect Fund in New Jersey, two high-performing non-profit lenders known as CDFIs (community development financial institutions).

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 11, 2015
Words:168
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