Loading...
Loading...
Heritage Commerce
, the parent company of Heritage Bank of Commerce,
today announced that it has partnered with AnewAmerica Community
Corporation, an organization dedicated to fostering the long-term
economic empowerment of new Americans to help them secure funding for
their entrepreneurial ventures.
AnewAmerica's Business Incubator program helps graduates to establish
or expand their business in the San Francisco Bay Area by assisting
in the loan application process, which can be confusing. Now,
graduates also have direct access to Heritage Bank, which then
processes their loan request. Approved applicants receive funds up to
$5,000 to help with operating expenses.
"We are continually looking for new ways to help encourage the
entrepreneurial spirit in the local community, and are very pleased
to be partnering with AnewAmerica to help entrepreneurs succeed in
their business ventures," said Walt Kaczmarek, Bank President and
CEO.
According to AnewAmerica, graduates of their Business Incubator
program experience a high success rate. They currently have 271
active participants in their Program. Of those, 55% go on to start a
new business. "Our goal at AnewAmerica is to help low income
families, many of which are immigrants, become economically
self-sufficient and build financial assets for their long term
sustainability through well-managed microbusinesses," stated Viola
Gonzales, CEO of AnewAmerica. "We are excited to be partnering with
Heritage Bank to provide our graduates with the necessary capital for
continued, long-term growth and development, as well as to foster job
creation in the local community."
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in