AUBURN, Ala. (WTVM) – Auburn has partnered with Sabre Finance to present funding possibilities to startup corporations.
Sabre is a qualified Community Improvement Monetary Establishment based mostly in Birmingham that will emphasis on supporting local companies obtain larger sized quantities of loans.
They present loans less than $50,000 that can be made use of for functioning cash and machinery and gear or greater financial loans to enable from funding buildings to real estate projects. In addition, Sabere will have just one full-time worker primarily based in Auburn to aid give assistance and aid individuals in need to have of assistance.
Auburn’s Economic Enhancement Manager, Caitlin Myers, reported this is an additional fantastic resource to use for enterprises to use.
“They are a CDFI, which is a neighborhood growth money establishment, which implies they are a non-financial gain financial institution. So, they provide opportunities to supply financial loans to smaller business whereas they might not be equipped to get these loans at classic creditors,” she explained.
Sabre’s Auburn office environment is now open up, and it is in the Industrial Park. They have by now started out supplying out loans.
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Sabre Finance is found at the Auburn Center for Producing Industries at 1500 Pumphrey Ave.
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