Bank Offers up to $6.5MM for Small Business Loans in DC and MD
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What's New this Week on CapNexus

Bank Offers up to $6.5MM for Small Business Loans in DC and MD

Financing is available for small business loans up to $6.5 MM in the District of Columbia and Montgomery County, MD.  Minimum loan: $25,000.  Monument Bank was recently purchased by Revere Bank.  The Bank’s lending limit will increase to $15MM allowing it to do larger community development loans in the communities the combined bank serves including DC, Montgomery County, Howard County, Baltimore, Anne Arundel County, and Frederick County. 

Learn more on CapNexus

Industry News

Social impact bonds for public health programs

Imagine a public health program that reduces the incidences of childhood asthma. Or imagine another one that assigns a home visiting nurse to women pregnant with their first child. Don’t stop there. Imagine another program that identifies children under six who are at-risk of abuse and another one that helps the mentally ill out of restrictive institutional settings and into meaningful community housing.

Read more here >>

Card McCarrick: Impact Investing ‘a great new way to help the poor’

Cardinal Theodore E. McCarrick, Archbishop Emeritus of Washington, has long been an advocate for social justice issues, especially on behalf of the poor. So it was with enthusiasm that he agreed to participate in the Impact Investing Conference 2016, saying impact investing is 'a great new way to help the poor'.

Read more here >>

Self-Help Announces DTC-eligible CDs for SRI Investors

Self-Help’s credit unions today announced a pilot partnership with Multi-Bank Securities, Inc. (MBS) to underwrite and distribute DTC (Depository Trust Company)-eligible share certificates (also known as CDs). The new certificate of deposit (CD) will simplify access for investment managers to invest in Self-Help Credit Union and Self-Help Federal Credit Union’s mission-driven work by purchasing federally-insured fixed-income CDs.

Read more here >>

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