Paul Herringshaw Memorial Student Loans

herringshawpaulPaul Herringshaw Memorial Student Loan Fund

Click here to download the form for the Paul Herringshaw Application-Current

The Lincoln County Rotary Student Loan Fund is dedicated to the education of our citizens in Lincoln County.  With the generosity of a $70K Grant from the Centralina Development Corporation and the establishment of the Paul Herringshaw Memorial Student Loan Fund, The CDC will proudly endow the Paul Herringshaw Memorial Student Loan Fund in memory of Mr. Paul Keeley Herringshaw, former Executive Director and President of Centralina Development Corporation for 25 years, who  passed away May 2, 2012.

The Lincoln County Rotary Student Loan Fund will be managing one loan per year to six (6) additional counties:  Cabarrus, Gaston, Iredell, Lincoln*, Rowan, Stanly and Union, to be funded with the designated** funds donated by the Centralina Development Corporation in memory of their founder.  These loans will be interest free for the first 4 years the students are in school. After which, interest rates will be 3% annually.

Mr. Herringshaw was an outstanding man with great vision and the Centralina Development Board felt this would be a fitting way to recognize him by creating this lasting legacy.

The Lincoln County Rotary Student Loan Fund Board is excited that the Centralina Development Corporation chose to memorialize Mr. Herringshaw in such a lasting way. It is our hope that through this first Memorial Loan opportunity others in our area may want to follow in the Centralina Development Corporation’s footsteps and designate contributions in honor or memory of their loved ones to create a lasting legacy!

Centralina Development Corporation, Inc. (CDC), a non-profit corporation, was designated a Regional Certified Development Company by the U. S. Small Business Administration (SBA) in 1982. They finance small business enterprises with the SBA 504-Loan, which provides business owners in our region capital resources to finance real estate and fixed assets for growth and expansion, and job creation. They pool traditional lending with SBA funding to create many opportunities for our business customers. Their service area is the entire state of North Carolina, with their office located in Charlotte. Their Board of Directors is organized from our service area. CDC also has local representation from its region on the Local Advisory Board and Local Loan Committees.

 

*One (1) Lincoln County Student will benefit from these proceeds annually also.
**These designated funds are separate and apart from the loans funded by the efforts of the Lincoln County Rotarians through the  Rotary Auction For Education.

 

 

 

 

A 70K contribution was presented to the Lincoln County Rotary Student Loan Fund by the Centralina Development Corporation to endow the Paul Herringshaw Memorial Student Loan Fund.  The Lincoln County Rotary Student Loan Fund received the $70K contribution from the Centralina Development Corporation to establish a Loan Fund in memory of their founder and former President of the CDC, Mr. Paul Keeley Herringshaw who passed away May 2012.

The CDC’s generosity will provide an annual loan to one student in each of the following 7 counties perpetually: Cabarrus, Gaston, Iredell, Lincoln, Rowan, Stanly and Union . The loans will be interest free the 1st four years that the student is a full time student in an institution of higher learning. Interest after the 1st four years will then be 3% for the life of the loan. Mr. Herringshaw was an outstanding man with great vision and the Centralina Development Board felt this would be a fitting way to recognize him by creating this lasting legacy. With their contribution, The Centralina Development Corporation will proudly endow the Paul Herringshaw Memorial Student Loan Fund in memory of Mr. Paul Keeley Herringshaw, former Executive Director and President of Centralina Development Corporation for 25 years.

The Lincoln County Rotary Student Loan Fund Board is excited that the Centralina Development Corporation chose to memorialize Mr. Herringshaw in such a lasting way. It is our hope that through this first Memorial Loan opportunity others in our area may want to follow in the Centralina Development Corporation’s footsteps and designate contributions in honor or memory of their loved ones to create a lasting legacy!

If you are from one of the named counties and would like to apply, please call 704-732-0867 for more info.

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The Lincoln County Rotary Student Loan Fund is a nonprofit 501(c)(3) organization
Nonprofit tax ID # is 56-2071604
Post Office Box 682
Lincolnton, North Carolina 28093-0682
NC Charitable Solicitation License No.: SL005190