August 2006 Newsletter

Our thanks for their financial commitment to economic development
Our thanks to Banner Bank and Farmers and Merchant Bank for their financial contribution to economic development in Spokane's community development neighborhoods. Phone Eric Loewe at (509) 444-7633 for information on supporting SNEDA's work. Contributions to SNEDA are tax deductible.

Bank of America provides SNEDA with a proposed term sheet
Our thanks to Bank of America for considering an investment of $200,000 in SNEDA. With this potential investment, SNEDA’s loan capital will exceed $1,000,000.  We expect to close the deal before the end of October 2006.

Results – loans, business consulting, performance evaluations, 2005 audit more>

Sterling Savings Bank and iCAN
Sterling Savings bank (SSB) has elected to join the iCAN system, where Sterling’s commercial loan declinations are referred to alternative lenders.  Sterling thus becomes the second bank nationally to recognize the potential of internet referrals of loan applicants for a ‘second look’ by alternative lenders – Treasury designated CDFIs and SBA microlenders.

To find out more about iCAN, a community development opportunity, you are invited to participate on a national bankers conference call scheduled for August 1, 2006 at 1:00 p.m. Easter Standard Time more>

Accomplishments of VISTAs, Christine Baldwin and Anne Singleton, during their year of service more>

Market Street Market update
See attached pictures of the annual Pig Roast with the Mardi Gras flavor more>


Financial Literacy program funded by HSBC Bank USA and organized by SNEDA, Sloan Enterprises and Crosswalk Church more>