{"id":173,"date":"2003-05-26T00:00:00","date_gmt":"2003-05-26T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"metarie-based-lending-firm-expands-into-four-new-states","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2003\/metarie-based-lending-firm-expands-into-four-new-states.html","title":{"rendered":"Metarie-based lending firm expands into four new states"},"content":{"rendered":"<p>BizCapital, a Metairie-based business and industrial development company that lends capital to small and medium-sized companies, is expanding into Denver, Tampa, Fla., New York and St. Louis.<\/p>\n<p>  The growth was made possible by a $110 million grant from the federal New Markets Fund, a program to create venture capital in new businesses in low-income neighborhoods, said John Brocato,  BizCapital president.<\/p>\n<p>  The money will also be used to increase lending in Louisiana, he said.<\/p>\n<p>  &#8220;This means we can put out money in areas deprived of capital in Louisiana where banks won&#8217;t lend,&#8221; he said. &#8220;It opens a new segment for business capital.&#8221;<\/p>\n<p>  Biz Capital provided 30 Small Business Administration-approved loans to Louisiana businesses totaling $18 million in loans in 2002. Those loans ranged in size from $25,000 to $1.3 million.<\/p>\n<p>  (Copyright 2003 Dolan Media Newswires)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BizCapital, a Metairie-based business and industrial development company that lends capital to small and medium-sized companies, is expanding into Denver, Tampa, Fla., New York and St. Louis. The growth was made possible by a $110 million grant from the federal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-173","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=173"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/173\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}