May 4—As a retailer on the
“We spent what was a tough year trying to make lemonade from lemons,” said Landrum, who like most retail shops had to shut down the storefront of her Locals
Landrum said the Idea Leap program that has given her both loans and grants from the
The proceeds of those loans, and other funds contributed by the credit union, have also funded
“It's our goal to help our community and we know that these small businesses may one day grow into much larger businesses,” said
Most traditional commercial lenders aren't interested in making such small loans to businesses, especially those without much traditional collateral or at favorable interest rates for the borrower, Fortner said.
On a rainy Monday morning to kick off National Small Business Week, TVFCU announced it is opening up applications for other small businesses to compete for additional Idea Leap grants this year. The credit union will award grants ranging from
To qualify for the grants, a business must be in operation for at least a year, have less than
“We want to continue to help our area's small businesses do well,” said
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