Strong communities go beyond affordable housing, they also pave the way for small businesses to provide economic opportunities. A major obstacle faced by minority small business owners is securing financial backing to qualify for a loan. Organizations such as Neighborhood Concepts and Wells Fargo have partnered to help aspiring entrepreneurs invest in their communities and […]
A few bucks can go a long way to feeding families. To help meet that need, Bank Independent is kicking off its seventh annual Food Share drive March 1 to benefit local food banks through the “Feed a Family for $5 with Food Share” campaign. Donors can bring non-perishable food and cash donations to any […]
Loan data shows 1.3 million loans and significant increase to underserved entrepreneurs
Downtown Huntsville continues to evolve and today there is a new addition to the skyline. Or, rather, in the words of Mayor Tommy Battle, Huntsville’s “living room.” Bank Independent and Prince Holdings broke ground Thursday for a five-story office building – 225 Holmes Avenue. The 77,000 square-foot building will include office space and ground-floor retail […]
Wrapping up a career spanning 32 years, partner Jay Reichmann has retired from Anglin Reichmann Armstrong. Reichmann joined the firm in 1998 when it had less than 10 employees and played a key role in its growth. His client and firm relationships will continue to be served by the firm’s teams in Huntsville and Pensacola. […]
Bank Independent will kick off its 10th annual Toy Share drive for area children. From Nov. 13 -Dec. 4, donations of new, unwrapped toys can be left any Bank Independent location. In these pandemic times, the bank also offers two “less-hands-on” ways to lend a helping hand: Toy Share can accept monetary donations through PayPal […]
Charger Blue has a shade of green today, thanks to a donation from Bryant Bank. Representatives of the bank’s Huntsville office visited the University of Alabama in Huntsville College of Nursing and Athletics Department to make two donations in a total of $125,000. The UAH Charger Athletics program received an unrestricted gift of $25,000 that […]
For the City of Huntsville, it is the same song, 12th verse. And it is sweet music. For the 12th time in 12 years, since Mayor Tommy Battle first assumed office, Moody’s Investors Service and Standard & Poor’s Rating Services have awarded Huntsville Triple-A credit ratings. Triple-A is the highest mark a city can achieve […]
The Small Business Administration and the Department of Treasury recently issued a set of Frequently Asked Questions about Paycheck Protection Program loan forgiveness. Below is a summary of the key information from the released FAQs: The FAQs clarified that C-corporation owner-employee health and retirement benefits are eligible PPP expenses in addition to their $100,000 salary cap. Eligible […]
With the onset of the global pandemic, businesses rolled up their collective sleeves and grimly faced the arduous task of shifting gears. And financial institutions quickly found themselves in the spotlight. When it comes to continued access to money, whether it be a loan, savings, or one’s paycheck, everyone feels the effect when that access […]
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