City Approves Revolving Loan Fund
•July 1, 2020•
By Mike Brothers
In an effort to help local businesses Sullivan’s City Council is bringing back the revolving loan fund.
Approved unanimously at the June 22 meeting, loans will be available to businesses located within the city limits.
Amounts from $10,000 to $100,000 will be offered at between 2 to 6% interest over a seven year term. The council has $400,000 set aside for the Revolving Loan program.
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