Auburn partners with Sabre Finance to help startup businesses

AUBURN, Ala. (WTVM) – Auburn has partnered with Sabre Finance to offer funding alternatives to startup companies.

Sabre is an authorized Neighborhood Improvement Monetary Establishment based mostly in Birmingham that can deal with serving to native companies obtain bigger quantities of loans.

They provide loans below $50,000 that can be utilized for working capital and equipment and gear or bigger loans to assist from financing buildings to actual property initiatives. As well as, Sabere could have one full-time worker based mostly in Auburn to assist in giving recommendation and help these in want of assist.

Auburn’s Financial Improvement Supervisor, Caitlin Myers, mentioned that is one other nice useful resource to make use of for companies to make use of.

“They’re a CDFI, which is a neighborhood growth monetary establishment, which suggests they’re a non-profit lender. So, they provide alternatives to supply loans to small enterprise whereas they may not be capable to obtain these loans at conventional lenders,” she mentioned.

Sabre’s Auburn workplace is now open, and it’s within the Industrial Park. They’ve already began giving out loans.

If you want extra info, click on right here.

Sabre Finance is positioned on the Auburn Heart for Creating Industries at 1500 Pumphrey Ave.

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