Business Briefcase Jan. 15, 2010

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By The Staff

 Red Cross looking for help

The American Red Cross is looking for volunteers to help in emergencies. Volunteers provide transportation for disaster relief, collect blood, provide health and safety training and numerous other activities and services. There are several roles available in the Shelby and Henry County areas. Call 502-633-2486.


Curves launches national mission

The Curves location on Alpine Drive in Shelbyville will be joining other Curves facilities throughout the world this January in a company-wide campaign called Stronger + Together, an international movement to make one million women healthier in 2010. The program will rely heavily on women sharing their success stories and providing confidence and inspiration to others.

The heart of the program lives online at www.Curves.com/StrongerTogether, where women can find useful information about the new campaign and register.

"Our existing members in the Shelbyville area community have demonstrated that they are committed to improving their health by joining our programs,” Curves Founder Diane Heavin said. “We want to use that confidence as an example for other women to also make that commitment."

For more information contact Ruth Bramlage at 502-633-2722 or 975SGDML@curvesmail.com.


USDA helps in home ownership

USDA Rural Development has two no-down-payment programs to help individuals living in rural communities and areas obtain the dream of home ownership. One program includes a subsidized interest rate for eligible applicants.

The Direct Loan Program is geared toward low to very low-income individuals. There is no down payment requirement and the closing costs may be included in the loan. Maximum loan amount vary by county and have terms of 33 years and a current full-note interest rate of 4.875 percent. Under this program an applicant may be eligible for payment assistance, which would subsidize the interest portion of the house payment, lowering the overall monthly payment amount. Applicant's eligibility requirements include good credit history, adequate and dependable income and repayment ability for the loan.

The Guaranteed Loan Program is for moderate-income individuals. This program is administered by a local lender, who will take the application, process it and determine the acceptability of the home to be financed. The applicant's income cannot exceed the county's income limit, which varies by county and family size. This program requires no down payment, no private mortgage insurance, and offers a 30-year fixed rate mortgage at bank interest rates for the purchase or construction of a home.

There specific qualifications and restrictions on both programs. For more information about either of these programs contact the nearest USDA Rural Development office. Area office locations and other information may be found at www.rurdev.usda.gov/ky.


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