cultural assets lending strategy
MACED believes in investing in businesses in targeted sectors that make communities stronger and better places to live. One of these important sectors is cultural assets. Appalachia is rich with cultural assets that are unique to the region. These cultural assets are local assets that are important to a strong local economy.
Our respect for people and place has fueled a 35-year partnership working with Appalachian communities to improve the overall quality of life in the region.
MACED seeks to invest in businesses that support and build upon the cultural assets of Appalachian communities including arts, crafts, music, dance and heritage tourism.
Loan proceeds may be used for the following.
• Building and Land — Includes new purchases or existing facility expansions, including nonprofits.
• Inventory — Includes the purchase of materials.
• Equipment — Includes the purchase items such as kilns, looms and sewing machines.
• Working Capital — For both start-up and existing businesses including nonprofits.