Your Business: COVID-19 Resources, Loan Options, and Updates Learn More Here

The Largest Credit Union In Florida Jumps On Board To Help Pasco Businesses

February 28, 2012

Suncoast Schools Federal Credit Union (Suncoast Schools FCU), Florida’s largest credit union, continues its long-time support of small businesses by donating $10,000 to Pasco Economic Development Council’s microloan fund due to launch March 1. There are 26 million small businesses in America today, which are responsible for creating the majority of our nation's new jobs. Unfortunately, the current economy is making it difficult for America’s small businesses to obtain credit. That’s where Pasco EDC decided to step in and help. John Hagen, Pasco EDC President/CEO commented, “There are many people who may be turned down for a loan at a financial institution because their borrowing need is too small or they have limited credit history. Rather than turn away these people, who may have great business ideas, we say, ’send them to us’.” Hagen added, “We may be able to help them get started and create some jobs. Once they launch their business and are commercially viable, we can return them as valuable customers to the lender that referred them.” The Largest Credit Union In Florida Jumps On Board To Help Pasco Businesses

Michael Cox (Chair, Pasco EDC Growth Task Force), Melva McKay-Bass (SVP Member Operations, Suncoast FCU), Pat Mulieri (Pasco County Commissioner), Pat Denmark (Regional Vice President, Suncoast FCU) and John Hagen (Pasco EDC)

The microloan program will lend money to small businesses located in Pasco County and offer entrepreneurs free technical assistance and training to help work through challenges they may face in starting or growing a new business. “We are happy to support Pasco EDC’s microloan fund,” says Melva McKay-Bass, SVP of Member Operations, Suncoast Schools FCU. “This offers us an opportunity to help those people who have a great business plan, but little or no credit, and at the same time assist in the creation of more jobs for the Tampa Bay area. Moreover, this partnership provides an avenue for us to continue to cultivate relationships with our business members and provide additional access to resources and services. Loan applicants must be for-profit companies located in Pasco County, and borrowers must show they have the experience and resources to be successful business operators. Proceeds may be used for working capital, inventory, supplies, furniture, fixtures, machinery and equipment, but not to purchase real estate or to refinance existing debt. Please call the Pasco EDC at 813-926-0827 for more information or to consider donating to the fund.

CONTACT ME
Jennifer Lachtara
Jennifer Lachtara
Marketing/Communications Coordinator
.(JavaScript must be enabled to view this email address)

 LinkedIn Profile

Categories
About Pasco EDC
Businesses Love Pasco
Education
Grow Your Business
Healthcare
In other news...
Industry Spotlight
International Trade & Investment
Manufacturing
Microloan Fund
Move Your Business
News Releases
Pasco EDC Events
Site Selection
Start Your Business
Startups and Small Business
Success Stories
Sustainability
Tampa Bay
Technology
Tourism
Workforce
View All

GET ALL THE LATEST UPDATES
on Pasco County delivered to your inbox.