Auburn partners with Sabre Finance to help startup businesses

ByValerie Winifred

May 22, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

AUBURN, Ala. (WTVM) – Auburn has partnered with Sabre Finance to give funding possibilities to startup enterprises.

Sabre is a qualified Neighborhood Improvement Financial Institution based in Birmingham that will aim on aiding nearby organizations obtain much larger amounts of loans.

They offer loans less than $50,000 that can be utilised for functioning funds and equipment and gear or more substantial loans to aid from financing structures to true estate tasks. In addition, Sabere will have one whole-time employee based mostly in Auburn to assistance give advice and aid all those in require of assist.

Auburn’s Economic Progress Manager, Caitlin Myers, explained this is yet another terrific source to use for corporations to use.

“They are a CDFI, which is a group growth fiscal institution, which implies they are a non-income lender. So, they give possibilities to supply financial loans to compact enterprise whilst they might not be capable to acquire these financial loans at traditional loan providers,” she claimed.

Sabre’s Auburn workplace is now open, and it is in the Industrial Park. They have by now started off providing out loans.

If you would like far more information and facts, simply click in this article.

Sabre Finance is situated at the Auburn Center for Building Industries at 1500 Pumphrey Ave.

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