@LawrenceMuir1 Sure do!
See the “State Resources Map” here.
https://t.co/J5VbCwg8uB
Or click on “List of SSBCI Capital Programs and Contacts” here.
https://t.co/gHfIekRCCr
(In strolls the State Small Business Credit Initiative)
- $7 billion on the streets now.
- Available through state-sponsored venture capital and debt programs.
- Contact your state or local government if you need small biz financing.
🚨Debt markets for non-SBA cash flow loans are VERY tight, and almost non-existent if the biz is <$3million EBITDA.
So, if you are planning on including debt in your deal, you will need an SBA-eligible structure in your LOI (no seller rollover, no earn-outs, no seller >12 mos)
@bradyqg Yes. But you can go up to $500k for construction financing.
And a lot of states designed programs that bridge to SBA loans, basically providing capital until you get your C of O and can pull down the SBA loan.
The influx of new federal climate funding offers unparalleled opportunities to embrace the transition to green jobs. But are cities ready to manage all these workforce needs? @jwkane1 & @AdieTomer tackle this question: https://t.co/bupzST7pvw
New bill alert! The LIFT Act
Would authorize $15 billion in pre-development grants + technical assistance to help communities plan + facilitate climate-resilient infra projects
Sen. Markey + Rep Carter
Also Senators Padilla, Kelly, Durbin, Booker, Warren
https://t.co/qoCohHPcUm
I appreciate all of our @USAccelerate partners, including mayors from across the country, who visited Phoenix this week. As a critical avenue for cities to collaborate and share solutions, convening in Phoenix speaks volumes to the ongoing successful work we're doing.
🏗️ Opportunity Zones (OZ) are attracting new investment into low-income, high-poverty communities.
Join @kenanfikri, Nina Tschinkel @CatalystFunds, Jack Tiebout @ColoradoEcoDevo, and @Rachel__Reilly this Thursday for a webinar on the latest OZ research:
https://t.co/KuRhg9Cqcs
10:35 AM ET - OZ Fund Pitch: Capital Square
11:00 AM ET - OZ Fund Pitch: TITLE PARTNER @URBANCATALYST_
11:35 AM ET - OZ Panel: Catalyzing Social Impact With Opportunity Zones, with Christopher Cooley, Catherine Lyons, and @Rachel__Reilly
"The Community Builders of Color Coalition, led by the @aaacdfi is working to ensure Black and Brown CDFIs, MDIs are positioned to help small businesses and underserved communities."
Read the full @SubstantialMag piece below
https://t.co/aiBt8xLd9J
JPMorgan Chase, BlackRock and Citigroup are among a list of financial companies informed that they face potential divestment by Kentucky state government entities unless they stop “boycotting energy companies,” Kentucky State Treasurer Allison Ball says.
https://t.co/1FaOiF0FYW
That was the point: to try something different.
To fight back against institutional investors who have been buying up the area’s affordable housing stock. Outside investors purchase 1 of 5 single-family homes in Cincinnati.
More on @CincinnatiPort
https://t.co/KXMBdcyrw2
Miss EIG's latest #OpportunityZones (OZ) webinar?
Access a full recording and explore key takeaways from the discussion of OZ investments and market trends through 2022 with John Sciarretti @NovogradacCPAs and @Rachel__Reilly: https://t.co/qJ7QsyYtW4
"History has taught us time and again that inequality and imbalance are not sustainable," says @FordFoundation president and @ImpactInvestUS chair @darrenwalker.
https://t.co/miUUKMJX2z