Non-traditional lender forms new partnership - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Non-traditional lender forms new partnership

HATTIESBURG, MS (WDAM) - A local organization which offers small business loans to folks with low and moderate incomes is adding a new financial institution to its list of supporters. The Southeast Mississippi Community Investment Corporation, or SEMCIC, is joining forces with The First, a National Banking Association, to provide small business loans to non-traditional loan seekers.

That bank joins 5 others which make up SEMCIC, which is an initiative of the Area Development Partnership.

In the last 18 years, SEMCIC has made dozens of loans in the Hattiesburg-area, totaling $1.8 million. 

Copyright 2011 WDAM. All rights reserved.

 

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