Auburn partners with Sabre Finance to help startup businesses

AUBURN, Ala. (WTVM) – Auburn has partnered with Sabre Finance to provide funding chances to startup firms.

Sabre is a certified Local community Development Fiscal Institution primarily based in Birmingham that will target on helping area organizations get more substantial quantities of loans.

They provide financial loans underneath $50,000 that can be made use of for performing cash and machinery and tools or larger sized financial loans to help from funding structures to serious estate initiatives. In addition, Sabere will have one particular entire-time worker based mostly in Auburn to support give suggestions and help these in need of assist.

Auburn’s Financial Advancement Supervisor, Caitlin Myers, mentioned this is one more terrific resource to use for corporations to use.

“They are a CDFI, which is a neighborhood improvement economical establishment, which signifies they are a non-profit lender. So, they offer you possibilities to offer financial loans to compact enterprise whereas they may possibly not be equipped to get these financial loans at standard loan companies,” she explained.

Sabre’s Auburn office is now open up, and it is in the Industrial Park. They have previously started off providing out financial loans.

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Sabre Finance is situated at the Auburn Center for Creating Industries at 1500 Pumphrey Ave.

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