September 19, 2013
Thursday’s Movers and Shakers
By Bob Coleman
Sunni Raney Joins CDC Small Business Finance
Sunni Raney, a 13-year marketing veteran, has joined CDC Small Business Finance as director of marketing and sales support. Raney will use her expertise in marketing CDC’s national leadership in helping small businesses purchase commercial real estate via SBA-504 program financing.
Raney worked 11 years for a certified development company in the Bay Area, also providing marketing expertise to promote SBA financing. Before that, she worked for Cabot Cabot & Forbes, a real estate development firm in Boston.
Northeast Bank Commits $10 Million to Small Business Lending in Maine
Northeast Bank announced the availability of up to $10 million for qualified small business loans throughout Maine. The program will be offered in conjunction with the Small Business Administration (SBA), and aims to target new and existing small businesses in Maine who are looking to grow or expand their operations.
“Over the past two years we have added new capital, invested in our loan operations platform, and are ready to step up our small business lending in Maine,” said Rick Wayne, President and CEO. “Small businesses are critical to job creation and prosperity in our local communities, and we are pleased to be offering new capital to help them grow.”
SBA lending throughout Maine has grown substantially in the past year, with a 24% increase in FY 2013. Northeast Bank’s new $10 million loan pool is designed to further enhance small business growth in the state.
Small Business Lending Conference Update
Southeastern Small Business Lenders Conference, Reynolds Plantation, GA, Feb 9-11
Send your movers and shakers announcements with a pic to bob@colemanreport