The general partners, he added, will put up $300,000, with the rest coming from commercial lenders.
The commercial lenders said they were hoping that Congress would restore the money.
She knows the glacierlike speed with which commercial lenders move.
The state loan was then used to repay the commercial lender.
Some 171 banks and credit associations have closed their doors since 1991, but only 3 were significant commercial lenders.
Many commercial lenders rely on both small and large environmental firms.
However, commercial lenders are also subject to fewer regulations than banks and you may have to provide some security in order to obtain funding.
Witness the decision by China's central bank to cut reserve requirements for commercial lenders earlier this week.
Talcott grew into one of the largest commercial lenders in the world.
Most private banking officers have had years of experience as branch managers or commercial lenders.