Northside Business Alliance to meet
ANDERSON — The Northside Business Alliance will have a meeting at 6 p.m. Tuesday in the Quilt Shoppe, 112 W. Grand Ave. The meeting is part of the city’s neighborhood business initiative.
To find out in which district a business is located, go to the Economic Development Department Web site at cityofanderson.com/ed/ebi_home.aspx.
For more information, contact Karen Pettigrew at kpettigrew@cityofanderson .com or 648-6116.
SBA Indiana rural loans up 210 percent
INDIANAPOLIS — The U.S. Small Business Administration’s loan guaranty program had an increase of 210 percent in total loan dollars received by rural small businesses in Indiana compared to those approved in February 2009. Examples of rural businesses receiving SBA loans include caterers, new car dealers, skiing facilities, machine shops and hotels and motels. Loan size for rural businesses ranged from $7,500 for working capital to $2.71 million for building construction and major equipment.
In February, the SBA Indiana District Office and 54 of its lending partners made guaranty loans in excess of $40 million to Indiana small businesses, an increase of 99 percent compared to February 2009.
Local Realtor earns distressed property designation
ANDERSON — Local Realtor Bill Carter of Re/max Real Estate Groups has earned the Certified Distressed Property Expert designation, having completed training in foreclosure avoidance and short sales.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property, and more lenders are willing to consider short sells because they are less costly than foreclosures, according to a Re/max press release.
