HELPING BUSINESSES GROW AND EXPAND Kendall County’s low interest loan program helps businesses grow and expand
NEWSLETTER u Fall 2020 u
Business & Industry United For A Better Community
WHAT’S INSIDE:
10TH YEAR
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f the COVID-19 pandemic has derailed your plans to expand your business this year, there might be another option available to help finance your project.
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Check out some new businesses around Oswego.
OSWEGO IS BUSY GROWING
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Qualifying businesses must demonstrate appropriate collateral to be used for the loan.
The Kendall County Revolving Loan Fund Program offers a low interest rate loan program. These loans can be used to assist small businesses with creating or retaining jobs.
“The program gives businesses the capital they need, and the interest rates are extremely lower than what you’d get from a loan at a bank,” says Matt Prochaska, member of the Kendall County Board and the Kendall County Economic Development.
Loans are available for up to $15,000 per job created or retained. The total amount loaned to businesses can be up to 49% of a project’s cost.
The county received the money to launch this loan fund program back in the 1980s as a state grant. Prochaska says they’ve used the money ever since u Continued on page 3
8/28/20 4:04 PM
