Morgan Stanley Commits $500M to Enable Small Businesses to Increase Investments and Create Jobs

Morgan Stanley MS announced today the launch of a new initiative to help deliver up to $500 million of credit to small businesses seeking to increase investment and create new jobs. In collaboration with national nonprofits and local community banks, Morgan Stanley will enable more small businesses to utilize the U.S. Small Business Administration's (SBA) 504 Loan Program which focuses on providing the long-term capital small businesses need for commercial real estate investments and job creation and retention. The initiative, called the Morgan Stanley SBA 504 Program will be available through Community Reinvestment Fund, USA (CRF), a nonprofit corporation, and CDC Direct Capital, a wholly owned subsidiary of CDC Small Business Finance, a certified development company that focuses on serving the financing needs of small businesses.