By Chad Lampe
Murray, KY – In an effort to boost financial support for struggling businesses in the region The Delta Regional Authority is partnering with Southeast Missouri State University and micro-lending giant ACCION Texas. The partnership creates a new division of ACCION, named ACCION Delta. President and CEO Janie Barrera says the organization helps struggling businesses and entrepreneurs get needed capital by giving out loans that range from five hundred dollars to one-hundred thousand dollars:
"There's a lot of small businesses that don't have access right now because they haven't kept good financials. Or maybe it because there new in their business, and banks are regulated and they can't help everyone. So ACCION as a not for profit organization can bring capital then to the small business community here in the delta."
The partnership will cover the Delta Regional Authority's eight-state service area, which includes Southeast Missouri, Western Kentucky, Southern Illinois and Northwestern Tennessee. ACCION is based in San Antonio and is the nation's largest micro-lending organization.