Wednesday, November 5, 2003

Pinnacle National Bank forms community development division to loan money to businesses in low-income areas

"Rev. Neal Darby Jr., executive director of the Greater Nashville Black Chamber of Commerce, says several areas of Nashville - including North and South Nashville and the Jefferson Street commercial district - could benefit from the work of Pinnacle Community Development and other banks with non-traditional loan programs. 'One of the biggest complaints we get from minority business owners is that they don't qualify to go to banks,' says Darby. 'When they go, they're never given an opportunity to get loans to help their businesses.'"

"Capital Bank & Trust is focusing on assisting the Hispanic community with loan products for housing needs and is working with Southeast Community Capital to assist small businesses unable to access mainstream financial markets."

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