Author: Steve Meredith, Manager, Business Finance.

On several occasions throughout the year, I will have a promising opportunity come across my desk, only to fall apart because the timeline for my organization’s economic development loans does not fit with what the client needs. While I can certainly understand the need to be flexible and work with clients, their sellers, and other financial institutions, there are a few aspects of economic development lending that can delay closing on publicly funded loans. This results in a tricky “dance,” in which economic development lenders, their borrowers, sellers, and often private lending institutions must participate to ensure the best interest rates and terms for small business clients.

Read more »