LANSING (AP) — Huntington Bank says it’s expanding its microlending collaboration with the Michigan Economic Development Corporation to provide $5 million in loans to small businesses in 17 counties.
The Columbus, Ohio-based bank said in a news release Tuesday that the expansion is within a $25 million microlending program that it announced in 2013 in Michigan. Eligible communities for the loans include those in the Grand Rapids, Kalamazoo, Muskegon, Detroit and Lansing areas.
The bank says the loans are typically between $1,000 and $100,000. According to the bank, it allocates funds through nonprofit community lenders, who then make microloans to small business owners who can’t access traditional financing.
- Posted July 30, 2015
- Tweet This | Share on Facebook
Huntington Bank expands microlending program
headlines Oakland County
- Associations gather for Spring Fling
- Supreme Court denies rehearing request by attorneys sanctioned for meritless election lawsuit
- Law school conducts ‘Know Your Rights Day’ for high school students
- Oakland County household hazardous waste dropoff events promote environmental stewardship and safeguard communities
- Nessel testifies in support of BRITE Act
headlines National
- Incarceration series includes female inmates but doesn’t tell full story
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Former DOJ official who alleged election fraud violated at least one ethics rule, ethics committee says
- Winston & Strawn will provide reduced-cost legal services for routine tasks under Winston Legal Solutions umbrella
- Should Justice Sotomayor retire? Chemerinsky, White House haven’t joined calls for her to step down
- Which BigLaw firms are increasing lateral associate hiring the most? One made legal headlines last year
