Category: 
Hometown bank does good!
Under this new program, through the end of 2011, WSFS Bank will make available a special pool of $25 million to creditworthy businesses with annual revenues up to $10 million that commit to using the funds for immediate investment (equipment investment, hiring of employees, etc.) will be eligible for loans up to $500,000 with no closing costs or other bank fees and at an attractive fixed rate.
Read the WSFS press release. (PDF)
Comments
This entry was posted on Thursday, September 29th, 2011 at 7:56 am and is filed under Accounting & Finance, Business, Delaware, Opportunity & Resources, Press Release. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
For more alternative sources of financing small buisnesses including revolving loan funds, micro loans and loan guarantees visit Deleware Small Business Loans.
This is a free directory of all of these loan programs that are funded through SBA, USDA, EDA, etc to intermediaries such as local economic development agencies to give small businesses loans. One of the requirements of many of these programs is job creation and retention so traditional banking lending requirements don’t always apply plus the interest is typically lower than the bank too.
Thanks for the new resource Spencer!