SOURCE: Heritage Bank of Commerce

Heritage Bank of Commerce

June 18, 2013 15:35 ET

Heritage Bank of Commerce Announces Partnership With AnewAmerica to Help Entrepreneurs Secure Funding for New Business Ventures

SAN JOSE, CA--(Marketwired - Jun 18, 2013) - Heritage Commerce Corp (NASDAQ: HTBK), the parent company of Heritage Bank of Commerce, today announced that it has partnered with AnewAmerica Community Corporation, an organization dedicated to fostering the long-term economic empowerment of new Americans to help them secure funding for their entrepreneurial ventures.

AnewAmerica's Business Incubator program helps graduates to establish or expand their business in the San Francisco Bay Area by assisting in the loan application process, which can be confusing. Now, graduates also have direct access to Heritage Bank, which then processes their loan request. Approved applicants receive funds up to $5,000 to help with operating expenses.

"We are continually looking for new ways to help encourage the entrepreneurial spirit in the local community, and are very pleased to be partnering with AnewAmerica to help entrepreneurs succeed in their business ventures," said Walt Kaczmarek, Bank President and CEO.

According to AnewAmerica, graduates of their Business Incubator program experience a high success rate. They currently have 271 active participants in their Program. Of those, 55% go on to start a new business. "Our goal at AnewAmerica is to help low income families, many of which are immigrants, become economically self-sufficient and build financial assets for their long term sustainability through well-managed microbusinesses," stated Viola Gonzales, CEO of AnewAmerica. "We are excited to be partnering with Heritage Bank to provide our graduates with the necessary capital for continued, long-term growth and development, as well as to foster job creation in the local community."

Heritage Commerce Corp, a bank holding company established in February 1998, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose with full-service branches in Danville, Fremont, Gilroy, Los Altos, Los Gatos, Morgan Hill, Pleasanton, Sunnyvale and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender with an additional Loan Production Office in Santa Rosa, California. For more information, please visit www.heritagecommercecorp.com.

AnewAmerica, a microenterprise development agency, creates jobs and helps low income families become self-sufficient through asset building, green business incubation and community engagement.

Contact Information

  • For additional information, contact:
    Diana Olveira
    408.534.4930
    Vice President, Marketing Director
    150 Almaden Boulevard
    San Jose, CA 95113
    (408) 947-6900
    fax (408) 947-6910