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Credit Union, Institutions Pledge Loans for Underrepresented Businesses – Construction Forum

Summary by constructforstl.org
Andre Alexander went from one bank to the next in 2016 to try to secure funding for his church’s nonprofit. After meeting with four banking institutions in the St. Louis area, Alexander finally secured a loan to fund the Tabernacle Community Development Corp. Alexander is the lead pastor of Tabernacle, a church in north St. Louis. He said many of his parishioners complained about the lack of affordable housing in the area. Through the Tabernacle…
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Finopotamus broke the news in on Thursday, February 20, 2025.
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