Microenterprise money for Rutherford

By Geert De Lombaerde Posted on January 28, 2010 at 10:05 am

From the folks at MTSU comes word of a new financing option for some Murfreesboro businesses.

The City of Murfreesboro, in partnership with MTSU’s Jennings A. Jones College of Business and the Tennessee Small Business Development Center (TSBDC), will announce the establishment of a microenterprise loan fund at 3 p.m. today, Jan. 28, at the Rutherford County Chamber of Commerce, 501 Memorial Blvd. With money from the U.S. Department of Housing and Urban Development’s Community Development Block Grant Program, the funds will provide approved applicants with allocations to expand, improve or create small businesses that might not be eligible for traditional commercial financing. The TSBDC’s role in the process will include working with borrowers initially to help them understand the loan process and to assist them with the implementation of the loans.

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Tags: economic development, entrepreneurship, lending, loans, microenterprise, Middle Tennessee State University, Murfreesboro, small-business lending, specialty lending, Tennessee Small Business Development Center, U.S. Department of Housing and Urban Development  

Unsold homes supply shrinks further

By Geert De Lombaerde Posted on August 27, 2009 at 6:52 am

The Census Bureau and HUD report that July home sales rose almost 10 percent from June, pushing down the number of remaining homes on the market to 7.5 months. That’s down from more than a year’s worth at the beginning of 2009.

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Tags: housing market, residential real estate, U.S. Census Bureau, U.S. Department of Housing and Urban Development