Lemonade Stands to Manufacturing Facilities; one West Texas bank provides financing to entrepreneurs of all ages.
Small business financing is gaining momentum, even though credit boxes are remaining somewhat tight. First United Bank in Lubbock is thinking outside the credit box and lending to a new demographic: children. An innovative program to provide financing for Lemonade Stands introduces kids to real world experiences through small business ownership. To read the full story, click here.
As supporters and financiers of small businesses through the SBA 504 Loan Program, we are thrilled to see lenders taking an interest in the next generation of small business owners via programs such as this. Teaching our youth the importance of money management and innovation promises a bright future for the backbone of our economy - the small business.