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Northwest Minnesota Foundation issues $890,000 in grants and loans during 4th quarter

New business specializes in textured and natural hair care

Downtown has welcomed a new business that is filling a gap within the community.

Detailed text transcripts for TV channel - MSNBC - 20100725:11:50:00

heard about grace and ace through a friend of mine. we give people that shot they wouldn t have otherwise because they are people that are low income or moderate income but have maybe some problems with their credit or don t have enough collateral. when lisa first heard about a micro loan program in her community, she community, she approached her friend, terry, about starting up a business. she said, i found this entrepreneur loan that we could apply for and let s try it. i said okay. the loan lisa davies found is from ace, appalachian community enterprises, a community-based nonprofit micro loan organization set up to help people who traditional banks won t. we don t just look at the credit score, we look at what s gone on with the person. grace and her team do more than just make loans.

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