‘Move Money’ is the Treasurer’s initiative to help tax-payer funds get directed to Massachusetts community banks, such as Century Bank. Previously this fund used to be deposited with large out-of-state banks. The funds can help to stimulate ‘growth engines’ of MSMEs. Small businesses can find the much needed finance for its expansion.
Century has joined the mission to help small businesses grow. Thirty banks have already signed to this innovative program. Treasurer Steven Grossman says, “Joining with Century Bank is another great step forward for the Small Business Banking Partnership.” The partnership will definitely bring more loans to Massachusetts banks that will later on be directed to Massachusetts small businesses.
Besides, California small business owners are making use of social media as a platform to reach out to more number of customers and to better market products. This is according to the findings of a survey conducted by Citibank on small businesses. The survey also found that 67 percent California’s small business owners is going to increase their marketing budgets that includes advertising for media, public relations and other promotional work so as to attract more number of businesses this year. So, they are going to seek more loans and can find them from Small Business Banking Partners like Citibank. Small business owners also make use of social networking sites like Facebook, Twitter and LinkedIn to better market their business.
This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to email@example.com