City of Indianapolis - Department of Metropolitan Development ’s Post

This testimonial from the President & CEO of TMC Financing describes what it means to be a client of Five Star Bank. 

Five Star Bank aligns with your company’s mission. 

How can Five Star Bank help your business? 

The Greensboro Housing Loan Fund, a public-private partnership for attainable housing, is officially in business. To qualify, borrowers must have recent, relevant attainable housing development experience, and their planned development must be located within Greensboro’s city limits. Loan funds may be used for acquisition or refinance and, if needed, rehabilitation of existing attainable housing. This is not a home loan or rental subsidy program. Read more at housing.cfgg.org. The current $21 million in the Greensboro Housing Loan Fund will be administered by two Community Development Financial Institutions (CDFIs) with two different loan programs whose lending activities will differ in scale: Institute Capital (ICAP) and Self-Help Ventures Fund. $13 Million: Self-Help Ventures Fund, part of Self-Help’s family of nonprofit organizations, will offer loans to borrowers who, having secured market rate senior debt financing, require supportive gap financing for both preservation of existing attainable housing and construction of new attainable housing. These loans are targeted to sole proprietors, partnerships, LLCs, corporations, and nonprofit or for-profit entities. Self-Help Ventures Fund & Credit Union Contact: JJ Froehlich at 919-794-6792 or email at [email protected] #cfgg #greensborohousing #gsohousing #housingfund #greensborohousingloanfund #greensborohousingfund #community #gso #greensboro #nonprofits #grants #communityfoundation

The cost of financing a college education has risen by 324% over the last 40 years, even when adjusted for inflation. The average cost of a four-year, post-secondary institution is estimated at $35,331 per student per year, much of which is financed by student loans whose interest and additional charges can ultimately result in costs exceeding $400,000 for a single bachelor's degree. This cost has only risen over the last 40 years and continues to rise today. CHNW is helping students achieve their dreams of a degree with supportive housing communities and below-market rents. To learn more visit: CHNW.org #collegelife #studentlife #apartmentliving #university #housing #socialgood #support #change #socialimpact #dogood #communitysupport #nonprofit #nonprofitsofinstagram #nonprofitorganization #changemakers #pnw #pacificnorthwest #pdx #pnwlife #portlandoregon #studenthousing #highered #homelessness #studenthomelessness #ARCSprogram

🔻SBA 504 Tip of the Day: Understanding the Eligibility Criteria When considering applying for an SBA 5️⃣0️⃣4️⃣ loan, it's crucial to understand the eligibility criteria to 🔐 ensure your business qualifies. Here are the primary requirements: 📊 Business Type: The SBA 504 loan is available to for-profit businesses operating in the United States. Non-profit organizations are not eligible. 📏 Size Standards: The business must meet the SBA's size standards, generally having a tangible net worth of less than $20 million and an average net income of less than $6.5 million after federal income taxes for the preceding two years. 🏨 Use of Proceeds: Funds from a 504 loan must be used for specific purposes, such as purchasing or renovating commercial real estate, buying equipment, or modernizing facilities. The loan cannot be used for working capital or inventory. 🤑 Owner's Equity: The borrower must be able to contribute a minimum down payment, typically 10%, although this can vary depending on the project and business type. 🧐 Understanding these key 🔑 eligibility criteria can help you better prepare for the application process and increase the likelihood of securing 🔐 funding for your business growth and development. #SBA504 #BusinessGrowth #CommercialRealEstate #SmallBusinessLoans #BusinessFinancing #Entrepreneurship #BusinessExpansion #EconomicDevelopment #SmallBiz #EquipmentFinancing #BusinessFunding #CommercialLoans #SmallBizSuccess #InvestInYourBusiness #SBAloans #its504somewhere #ampacbusinesscapital

MBS Accounting Technology & Advisory supports #startupbusiness #community #thebronx We provide reduced pricing and free mentorship support. #smallbusiness #supportsmallbusiness #smallbusinessowner #smallbusinesssupport #shopsmallbusiness #supportsmallbusinesses #smallbusinesses #smallbusinessowners #nonprofit #nonprofits #NFP #nonforprofits #organizations #FromAmbiguitytoImpact #executivedirector #nonpforprofit #MBSATA

“We’re missing your payment from August ‘23.” ^The secretary of my daughter’s school relayed. (Just to mention, the monthly payments after that had all gone through using the same method, and there were other significant amounts I’ve given to the institution since then.) I got this phone call from them in March! I understand if something went wrong back then, and I definitely want to pay. 🫤I’m a bit surprised. Where were they until now? You’re a non-profit. You need this money. (I know it’s not that much.) But, how many other payments are you missing from months ago? When running a business, one needs to have an accounting of all money coming in and out. You have accounts receivable and payable. Accounts receivables that are past 30 days, should not go longer than that. I think every organization should be run like that as well. I believe very strongly in supporting local organizations, so it bothers me that something as minute as this may sound goes unnoticed. Am I wrong? #SBALoanGroup ← Follow for all the info you need on SBA loans ________________________________________ SBA Loan Group: Helping thriving US-based businesses leverage their money to support growth. Over $1 BN in funding secured for businesses to date. Swiftest approvals in the industry! Message me with any questions. 

Do you qualify? Check the requirements! Use of funds: Required. Please list all line items and related amounts. Not eligible uses: Real estate or non-profit organizations. Terms: Up to 60 months fully amortizing, no pre-payment penalty. Collateral: Required for all loans, typically under-collateralized but never unsecured (business assets at a minimum). Timeline: No longer than 7 business days. Taxes: Must have filed for the last three years (or years eligible to file since starting business) and be current on all taxes, including installment agreements (minimum 6 months of payments) Apply here: https://lnkd.in/gnU5zAw #BusinessLoans #CDFI #VestedIn #GrowYourBusiness

💰 🔑 🏡 Freddie Mac BorrowSmart® Program is a flexible program that allows you to combine it with other eligible sources such as gift funds from family or non-profits, and employer-assisted homeownership programs. This means that you can use a variety of sources to help you reach your minimum down payment, your closing costs, or both, and not necessarily need to fund all of these upfront costs with money from your savings. 💪🌟 🏡 The best part is that the funds homebuyers receive from BorrowSmart are not in the form of a loan, so you won't have to worry about paying it back. 🏆🔑✨ Let us help you secure the best financing options tailored to your needs! Reach out to us today for a consultation. 📞💼🌐👉 visionmortgagegroup.com  #mortgageloan #homebuying #finance #realestate #mortgageloan #homebuying#finance #realestate