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Pelham - Windham News

14 - June 4, 2010

Area News Groups ’

Despite signs of economic recovery,

many small business owners continue to struggle to borrow money to sustain or grow their companies. This can have a big impact on local communi- ties, which rely on small businesses to create much-needed jobs and provide critical services. With many traditional credit sources continuing to keep a tight rein on lending, many small business owners simply do not have access to conventional means of credit. The good news is that small business owners are increasingly able to access alternative and innovative sources of financing, including Community Development Financial Institutions (CDFIs).

CDFIs, which were created more than 30 years ago, provide affordable loans and banking services in commu- nities that are underserved by tradi- tional banks. These institutions have developed valuable community and business expertise, designed special- ized loan products and they have a remarkable track record of success. CDFIs loaned and invested more than $2.2 billion in fiscal year 2008. Since their inception, CDFIs have provided more than $22 billion in financing, supported more than 51,000 small

Small businesses get credit boost from new fund

Area News Groups

businesses and helped create thou- sands of new jobs. CDFI loans to small business typically range from $15,000 to $300,000.

In addition, CDFIs often offer non-fi- nancial services, such as entrepreneur- ial education, savings programs and financial literacy training, which can help small business owners develop and grow their operations and prepare the next generation of entrepreneurs for success.

“CDFIs are a critical economic lifeline to small business owners, especially during periods of prolonged economic weakness,” says Bob An- nibale, global director of Citi Microfi- nance and Community Development. “In many cases, they can make the difference between whether or not a small business struggles to survive or expands and creates new jobs, support- ing local economic growth and the community.”

While small business owners who

work with CDFIs hail from a wide range of industries and geographies, they all share one thing in common: a need for quick financing that is not fully being met by traditional banks. For example, entrepreneurs in the heart of Big Sky country in Montana

BellesCloset.com: Gently Used Formalwear

Sorting through several years of formal dresses

in my daughter’s closet one day, I realized how much we had both invested in these special events. I wondered if there was some way to recoup a piece of that cost, and help another young woman own an almost-new dress. With my background in online software, I realized the power of the Internet to connect potential sellers and buyers. Research proved that women were interested in the idea: share your dress via an online forum and put cash back in you and your family’s pockets.

BellesCloset.com is a unique Website dedicated to the exchange of formal dresses, both new and gently used, at a fraction of their retail value. At

Belle’s, you simply post dresses to your virtual closet and make 90 percent of the sale price. With over 300 dresses in stock, Belle’s offers a wide selection of dresses that have caught the attention of women of all ages. A selection of our dresses can be viewed at the Best Boutique in Salem and Gentry’s Boutique in Newburyport, MA.

Belle’s will be showcasing our dresses free

of charge at trunk shows, high school events, fundraisers, and more. Belle’s will partner to put money back in the pockets of organizations by donating per dress to your charity. Contact us at BellesCloset.com to learn more. –Cindy Simms, Founder, Belle’s Closet.

gently used and new dresses; formal, cocktail, prom and more

Your online boutique for buying and selling both new and gently used dresses

Many designer dresses – all styles and sizes - for all at a fraction of their retail value!

Sellers: Make 90% selling your dress online - or 50% on consignment! Buyers: Find a perfect dress – many designer brands – for that special event!

Ask us about a trunk show / fundraiser where we bring 200+ dresses to you and donate a percent of the proceeds to your charity!

www.bellescloset.comwww.gentlyuseddresses.com

Twitter: @bellescloset • FaceBook: Belles Closet • Phone: 603-458-5057

Post Law Office Celebrates Three Decades

Meeting the needs of local businesses

Attorney at Law

Ruth-Ellen Post

52 Stiles Road, Suite 200A Salem, NH 03079

Phone: (603) 212-9004 Fax: (603) 898-6478

Email: postlawoffice@comcast.net

www.postlawoffice.com

Kelly Bryant, Independent Health Insurance and Ancillary Benefits Agent

Kelly Bryant

I am pleased to lead the benefits team at Santo Insurance & Financial Services, Inc. Our core mission is to provide affordable, useful, and usable benefit packages for small businesses and individuals of New Hampshire. While we have the tools and software programs like

everyone else, we set ourselves apart using the most important effective tool that is available—we listen, caring to research all the options to find most suitable match for the situation at hand. We never lose sight of the goal: to save premium dollars without compromising benefits. We are 100-percent dedicated to the health insurance profession on your behalf.

Kelly Bryant will continue her focus on servicing the ‘small groups’ business for the Agency. Another critical function of her role of Agent is keeping up with Healthcare Reform, ensuring client awareness and integration as the reforms become law. Sandra Cormier, our most recent team addition, will continue her focus on growing the individual, sole proprietor market. Diane Gomes provides customer service support for both new and existing clients. One example: on a quarterly basis, we host free educational seminars in order to help small business owners. Contact us for help with your needs; we specialize in protecting your health … and wealth! Contact the Santo Agency at their main number: 890-6439. There are office locations in Salem, Derry, and Manchester.

Treating each resident as an individual.

of Advising Women-Owned Businesses

According to a May 17

Ruth-Ellen Post

Wall Street Journal report,

“… women consistently have been launching new enterprises at twice the rate of men, and their growth rates of employment and revenue have outpaced the economy.” Attorney Ruth- Ellen Post can vouch for that on a very personal level.

Having advised women entrepreneurs since the late 1970s (and an independent business woman herself), she believes it is a privilege to play an important supporting role in this historic trend. Attorney Post’s Salem law practice focuses

almost entirely on business law, including a wide range of diverse transactions, business planning and formation, contracts law, employment agreements, franchises, negotiations, commercial leases, hiring and firing, dispute resolution, arbitration, buying and selling a business, corporate law, LLC law, dissolution, partnerships, municipal permitting, and more. Business clients are also assisted with their estate planning needs. Conveniently located on Stiles Road near Exit 2 of Route 93, Ruth-Ellen Post’s professional mission is to support the entrepreneurial spirit with experienced legal advice at reasonable rates. For more information, check the Post Law Office Website at www.postlawoffice.com.

Provide Your Business with

Affordable Health Coverage

Provide Your Business with

Affordable Health Coverage

� SELF–EMPLOYED NH BUSINESSES

NH BUSINESSES

�� IINDIVIDUAL POLICIES �� COBRA/TEMPORARYCOBRA/TEMPORARY

�� RETIREES

Santo Insurance & Financial Services, Inc. is an independent authorized agent in NewHampshire for Anthem Blue Cross and Blue Shield. Anthem Blue Cross and Blue Shield is the trade name of Anthem Health Plans of NewHampshire, Inc. Independent licensee of the Blue Cross and Blue Shield Association. ® ANTHEM is a registered trademark. The Blue Cross and Blue Shield names and symbols are registeredmarks of the Blue Cross and Blue Shield Association.

Santo Insurance & Financial Services, Inc. is an independent authorized agent in NewHampshire for Anthem Blue Cross and Blue Shield. Anthem Blue Cross and Blue Shield is the trade name of Anthem Health Plans of NewHampshire, Inc. Independent licensee of the Blue Cross and Blue Shield Association. ® ANTHEM is a registered trademark. The Blue Cross and Blue Shield names and symbols are registeredmarks of the Blue Cross and Blue Shield Association.

Santo Insurance & Financial Services, Inc. is an independent authorized agent in NewHampshire for Anthem Blue Cross and Blue Shield. Anthem Blue Cross and Blue Shield is the trade name of Anthem Health Plans of NewHampshire, Inc. Independent licensee of the Blue Cross and Blue Shield Association. ® ANTHEM is a registered trademark. The Blue Cross and Blue Shield names and symbols are registeredmarks of the Blue Cross and Blue Shield Association.

CALL FOR INFORMATION

603-890-6439

603-890-6439

CALL FOR INFORMATION

CALL FOR INFORMATION

� INDIVIDUAL POLICIES � COBRA/TEMPORARY � RETIREES

� SELF–EM NDIVI

LICIES

RETIREES

www.nhhealth.info

www.nhhealth.info

www.nhhealth.info

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Coverage is provided for:

��� NH BUSINESSES

Coverage is provided for:

Coverage is provided for:

� SELF–EMPLOYED

Santo Insurance

& Financial Services, Inc.

Santo Insurance

& Financial Services, Inc.

AUTO . HOME . BUSINESS . LIFE . HEALTH

AUTO . HOME . BUSINESS . LIFE . HEALTH

AUTO . HOME . BUSINESS . LIFE . HEALTH

received two CDFI loans totaling more than $100,000 that enabled them to get their new lumber operation up and running, while the owner of a preschool in New Orleans borrowed money from a local CDFI to fund vital repairs to her building in the wake of Hurricane Katrina. In coastal Maine, the owner of a specialty seafood company was able to access significant venture capital to expand the company’s distribution nationwide, while continuing to create jobs. In Austin, Texas, the owner of a small construction company received a $40,000 loan to pay for materials and other up-front costs associated with the industry. In all these instances, the need for affordable loans was met with speed and flexibility and was often ac- companied by invaluable entrepreneur- ial education and low-cost training as well as technical assistance in branding and marketing.



Citi recently launched the Communi-

ties at Work Fund, a new $200 million fund that will provide financing to CDFIs in urban and rural areas in all 50 states. The fund was created in part- nership with the Calvert Foundation and the Opportunity Finance Network (OFN), two organizations expert in CD-

FIs. To learn more about the Communi- ties at Work fund or to find out if your small business can benefit from the program and how to apply, visit www. communitiesatworkfund.com. To find out a local CDFI and enquire about a loan, visit www.communityin- vestingcenterdb.org.

The current economic climate may

be challenging to entrepreneurs, but alternative financing sources like CDFIs can help small businesses keep their doors open - and keep thousands of Americans on the job.

- Courtesy of ARAcontent

Susan Pike of Grace House of Windham

Grace House of Windham, owned and operated

A new approach to long term care.

Grace House of Windham

A 17 bed, supported residential care home, with a high staff-to-resident ratio, allowing residents with greater needs, personal and intimate care. Safe for the memory impaired.

23 Mammoth Rd, Windham, NH 03087 • www.gracehouseofwindham.com Susan Pike, Owner

Call today for a tour!

889.1800

by Susan Pike of Windham, offers a unique approach to long-term care. Susan believes a small home environment brings warmth and intimacy to the care of our residents. “We know we can offer your loved one the utmost excellence in personal and private long- term care. Our highly trained and committed team of professionals share a common philosophy regarding resident care. Our focus and commitment is aimed at spending quality time with each resident on a daily basis in a manner that best suits his or her needs. Respect and compassion towards each resident is always a priority,” said Susan Pike when asked about the philosophy behind Grace House of Windham.

Grace House offers a good placement for those individuals who require more assistance than what is offered in the average assisted living facility. Their staff-to-resident ratio is high to offer more assistance, allowing the residents to age in place. Grace House is located on a sunny, two-acre lot surrounded by beautiful fields and woodlands, with a front porch and patio that offer sunshine all day. Designed with the concept of a real home, it’s a place where families feel welcome to spend time with their loved one. Daily exercise and activities, onsite podiatry care, an on-site hairdresser, and monthly visits from our medical director are all services that Grace House has available to their residents. Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16
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