New Micro-Loans Available Through Outside Partnership With UCDD
The UCDD Micro-Loan program has doubled it’s original pool of money to roughly $500,000 since starting. During 2021, the program has even found a partner outside the region to offer more options to small business startups. UCDD Executive Director Mark Farley said loans up to $50,000 are now available. “We are marketing their loan programs […]
$1 Million Investment Into UCDD Micro-Lending From Outside Group
An outside investment group interested in putting $1 million into UCDD’s Micro-Lending Program. UCDD Executive Director Mark Farley said the investment group had been working with Upper Cumberland banks through a federal program. Farley said that now the group is interested in helping UCDD spur business growth. “One of the reasons why they approached us […]
UCDD Micro Loans For Small Businesses Gaining Attention
The UCDD has put together a micro-loan fund to try and help small businesses get started and off the ground. UCDD Executive Director Mark Farley said this fund has helped 11 businesses grow with the micro-loan program. Farley said there are now more investment firms looking to put money into the community through loans that […]
