A $25,000 Economic Development Program Plus (EDPPlus) grant was awarded by Southern Bancorp Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) to help aspiring entrepreneur Hazel Dillehay accomplish her dream of owning a small business.
Ms. Dillehay purchased Hot Springs Medical Rentals during the summer of 2011 with financial assistance through Southern Bancorp Bank. With assistance from Brad Taylor, senior vice president at Southern Bancorp Bank, Ms. Dillehay was approved for a loan from Southern Bancorp, which was funded by an Economic Development Program (EDP) advance from FHLB Dallas. She also qualified for an accompanying $25,000 EDPPlus grant to assist with purchase and start-up costs.