Morgan Stanley has launched a new program to deliver up to $500 million of credit to small businesses. The Morgan Stanley SBA 504 Program focuses on providing long-term capital for commercial real estate investments and job creation and retention to small businesses.
The program will be available through Community Reinvestment Fund (CRF) and CDC Direct Capital, a wholly owned subsidiary of CDC Small Business Finance. CRF and CDC Direct Capital will work with community and regional banks to enable Morgan Stanley to purchase existing and new loans, adds Bloomberg.
Click here for the release from Business Wire.
Click here for additional coverage from Bloomberg.
