Bank, other groups partner on Latino community loan fund

This month, the bank announced the creation of the Latino Community Revolving Loan Fund, which aims to address the financial needs of small Latino businesses in our communities. North Shore Bank is a partner in the fund, along with the Latino Chamber of Commerce of Southeastern Wisconsin, the Milwaukee Economic Development Corporation, and the Wisconsin Economic Development Corporation. We are contributing to the funding of the program and providing underwriting support. A revolving loan fund provides financial support and loan access to small businesses looking to grow or expand, but that otherwise may not qualify for commercial loans. The fund is revolving or self-replenishing, as the interest and principal payments from existing loans are used to issue new loans.

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