McLean Co. Issues 1st Round of COVID Business Loans
Bloomington-Normal Economic Development Council CEO Patrick Hoban said interest in the McLean County Targeted Development Loan program grew after the county made several changes. Credit BN EDC Patrick Hoban, the EDCs CEO, said interest in the program spiked after the county doubled the loan amounts to $10,000, removed interest payments and made them forgivable for COVID-related improvements, including supplies, technology and real estate--costs not covered by the state federal aid. “If th...
Patrick Hoban Mclean County Targeted Development Loan Program Economic Development Council Mclean County Bloomington Normal Economic Development Council Mclean County Targeted Development Loan
Source: wglt.org