Eagle Hair Care, Inc. and BMS Marketing, Inc. (DBA Sir Speedy Printing) Park Ridge Each Receive $15,000 Grants for Growth and Development
ROSEMONT, Ill., Nov. 19, 2024 /PRNewswire-PRWeb/ -- Signature Bank, one of the fastest growing, independently-owned commercial banks in the Midwest, today announced that two of its long-time customers, Eagle Hair Care, Inc. and BMS Marketing, Inc. (DBA Sir Speedy Printing), have been awarded $15,000 grants through Federal Home Loan Bank of Chicago's (FHLBank Chicago) Community First® Accelerate Grants for Small Business program. FHLBank Chicago offers grants to eligible small businesses to advance economic opportunity in the communities they serve. Member institutions like Signature Bank can apply for a grant of $30,000 for one small business or divide the grant into two $15,000 grants for two small businesses.
"As a regional commercial bank, our priority is to support the growth and development of businesses in the communities we serve, and applying for grants on behalf of our customers is one way we can make a measurable impact," said Marietta Mullane, Senior Vice President at Signature Bank. "We are thrilled Eagle Hair Care and BMS Marketing, Inc. (DBA Sir Speedy Printing) were selected as Accelerate Grant recipients, as these funds will help them upgrade their amenities and offerings and continue to be important staples in their local communities."
Eagle Hair Care, Inc. in Skokie, which provides salon services for men, women and children, was impacted severely by the COVID lockdown. The business will use its grant to improve salon amenities, including replacing two wash basin sinks and chairs, creating a more comfortable, professional-looking experience for clients. BMS Marketing, Inc. (DBA Sir Speedy Printing) in Park Ridge provides print, signage, marketing consultation, and design services for small businesses and nonprofits such as food banks, adoption services, women's housing and the developmentally disabled. Their Accelerate Grant will be used to purchase an additional wide format printer, enabling them to expand product offerings, and improve efficiencies.
"Signature Bank has been a trusted partner with us since 2009 and they really understand our business needs," said John Staunton, Owner of BMS Marketing, Inc. (DBA Sir Speedy Printing) in Park Ridge. "As a small business, we have to watch our bottom line very closely, and the Accelerate Grant provides the means for us to make updates so we can remain a competitive and successful community resource."
"Because we are a service-oriented business, we were impacted greatly by the COVID pandemic," said Besa Hazizaj, co-owner of Eagle Hair Care. "We have returned to business as usual, but we really needed to upgrade the features of our salon and the Accelerate Grant is making that possible."
Through FHLBank Chicago's member institutions, like Signature Bank, Accelerate Grants assist the growth and development of small businesses in Illinois and Wisconsin. All grant recipients are small businesses that make a difference in their community, and funds are intended for the purchase or improvement of property; the purchase of machinery, tools or equipment; the purchase of inventory, materials, or supplies; workforce development or training; and new or upgraded technology.
"Small businesses play an integral role in local communities in driving economic growth, from creating jobs to fostering community development," said Katie Naftzger, Senior Vice President, Community Investment Officer, FHLBank Chicago. "As a leader in the housing and community development space, FHLBank Chicago recognizes that affordable housing isn't just about the homes themselves—it's about ensuring entire communities have what they need to thrive, including economic opportunities for the residents and small businesses who call them home."
About Signature Bank
Signature Bank is an award-winning, relationship-based commercial bank wholly owned by Signature Bancorporation, Inc., a privately funded, locally owned bank holding company founded in 2006. Headquartered in Rosemont, IL, Signature Bank provides accessible, strategic, and highly individualized commercial banking services to closely held companies, as well as full-service retail banking capabilities. Technology-driven and well-capitalized, Signature Bank is currently the fastest growing, independently-owned business bank in Chicagoland and is one of American Banker's Best Banks to Work For. Visit Signature Bank online at http://www.signaturebank.bank.
About the Federal Home Loan Bank of Chicago
FHLBank Chicago is a regional bank in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with a focus on providing solutions that support the housing and community development needs of members' customers. FHLBank Chicago is a self-capitalizing cooperative, owned by its Illinois and Wisconsin members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. To learn more about FHLBank Chicago, please visit fhlbc.com.
"Community First" is a registered trademark of the Federal Home Loan Bank of Chicago.
Media Contact
Ronda Duncan, Signature Bank, 8472549782, [email protected], https://www.signaturebank.bank
SOURCE Signature Bank; Signature Bank
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