PLACERVILLE, CALIFORNIA

Essentials

Local nonprofit lender awarded grant for small business lending: A dozen local businesses expected to benefit

By From page A5 | February 21, 2011

In an effort to find new ways to help struggling small and start-up businesses in the region, including El Dorado County, the Sierra Economic Development Corporation (SEDCorp) is working with Bank of America to tap unused federal funds. SEDCorp has announced it has received a $45,000 grant from Bank of America for use as loan loss reserves that will make it possible to access $300,000 in loan capital from the U.S. Small Business Administration.

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