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Morgan Stanley, LISC Launch Pilot Small-Business Loan Fund To Fuel Growth, Create Jobs In Low-Income Communities

Ken Rosenthal, Senior Advisor of lending, education and training for CDC Capital Markets, said, “With this type of financing, a business can purchase its own building, secure its financial future and create new jobs to help the surrounding community and economy. We are excited to partner with Morgan Stanley and LISC and to be in a position to offer the small-business community access to capital at favorable rates and terms.”

For more information about fund investments or to make an inquiry about a particular need, please contact Ken Rosenthal at CDC Capital Markets, 858-967-7817 or krosenthal@cdcloans.com.

About Morgan StanleyMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management services and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. Since 2006, Morgan Stanley has executed more than $5 billion in investments to strengthen underserved communities. For more information about Morgan Stanley, please visit www.morganstanley.com.

About LISCLISC combines corporate, government and philanthropic resources to help nonprofit community development corporations revitalize distressed neighborhoods. Since 1980, LISC has raised $12 billion to build or rehab 289,000 affordable homes and develop 46 million square feet of retail, community and educational space nationwide. Toward that end, the Treasury Department has awarded LISC $778 million in New Markets Tax Credit investment authority, the largest allocation in the country. All told, LISC support has leveraged nearly $40 billion in total development activity. For more information, visit www.lisc.org.

About CDCCDC Capital Markets is a division of CDC Small Business Finance, which leads the nation in providing SBA-504 loans to small businesses as well as access to other capital through distinctive, innovative financing products and services. In addition, CDC reinvests in communities, particularly underserved markets and populations. In all, CDC Small Business Finance has provided financing to more than 3,000 small businesses, resulting in the creation and retention of over 100,000 jobs. For more, visit www.cdccapitalmarkets.com.

Stock quotes in this article: MS 
Copyright Business Wire 2010

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