Small business people! May I have your attention, please! A bank is being creative! Really!
A bank in Oregon called Banner Bank received $134 Million in stimulus dollars. And guess what. They did the right thing (Attention Mike Huckabee) and put the money to work generating jobs and providing for the future. They took $50 Million and set it aside, so to speak, to provide loans to home buyers at a rate of 3.875%. They expected 10-12 calls when the program was annouced. They received 60 calls and it is growing. In this town there was a glut of expensive, new homes. They are selling and the developers have put people back to work to build more or finish what was started. The people buying are buying appliances and putting in landscaping and the people supplying those things are buying inventory and re-hiring people laid off. Amazing!
Is that how the stimulus is supposed to work? What do you think?
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I linked your blog to mine and featured you as a guest blogger today, Dennis! Nice piece.
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