Heritage Receives SBLF Funding
Heritage receives millions in federal funding aimed at increasing jobs with small business loans.
Heritage Bancshares Group Inc., the parent company of Heritage Bank NA, received $11 million on Thursday, Sept. 22, through the Small Business Lending Fund (SBLF) of the U.S. Department of the Treasury. This will provide up to $110 million additional loans to local businesses and farmers and raise the legal lending limit at Heritage to more than $6 million.
“This program means lower interest rates to qualifying borrowers over the next 4 1/2 …
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