ShoreBank -- Let's change the world

ShoreBank

Bank
Consulting Services
Nonprofits

Locations
Chicago
Detroit
Cleveland
Michigan's Upper Peninsula
Portland, Oregon
Coastal Oregon & Washington
Washington D.C.

International

Important
Information
ShoreBank will never ask you to verify financial or personal information via unsolicited email or telephone call.

Community Development Banking

ShoreBank invented community development banking as a market-based approach to revitalizing communities. Community development banking uses traditional banking services to strengthen communities, particularly those that historically have had little access to credit and other financial opportunities.

It is based on the following principles:

Local residents will invest time and money to improve their community when they are confident about its future. ShoreBank’s loans create an environment where private investors inside and outside the community know their efforts will be rewarded, in terms of both financial return and community improvement.
Community development loans are successful when they are structured to suit the borrowers, their cash flows and the markets' needs, as well as the lender's requirements. Most residents and businesses within traditionally under-invested communities are credit worthy and "bankable."
Banks are well suited to play a role in maintaining community economic health because they are regulated, well-capitalized institutions that can convert deposits into loans benefiting the community.
Focusing lending in specific communities builds deep local market knowledge and concentrates investment for greater impact.
Bank loans are often complemented with other services, such as advisory services for businesses and individuals, or higher risk financing provided by affiliated organizations or local partners.

Business Loans -- Traditional