Looking for financing for your small, downtown business? Anchor Financial Services provides a “Mission Main Street” lending initiative,which aims to provide downtown businesses with long-term, cost-effective financing to help support and stimulate growth.
For-profit businesses operating in one of Anchor’s targeted communities are eligible for $15,000-$250,000 loans with competitive interest rates, for up to 10 years with no penalty for early pay-off. The proceeds of the loan can be used for any business purpose including working capital, inventory, hiring, purchasing furniture and fixtures, renovations, leasehold improvements, and machinery and equipment purchases.
With these affordable small business loans, Anchor hopes to increase and reassert the historic and economic value of downtowns across America, and preserve businesses that convey a community’s identity, heritage and personality.
You can find more information about Anchor and their other loan programs here. For more information about the Mission Main Street program, contact Lisa Wagner at 419.873.8322.
Anchor is a non-profit, U.S. Treasury, and SBA-certified economic development agency whose mission is to support America’s communities through creative lending initiatives within underserved communities. We provide viable small businesses with long-term, cost-effective financing strategies designed to stimulate economic expansion, promote sustainable job growth, and achieve the American Dream. By bridging the government gap, we are building diverse vibrant communities where access to capital is within reach for those committed to entrepreneurship, ideas, and hard work.