City Of Louisville: METCO Board Approves $200,000 In Small Business Loans

Louisville KY

21 January, 2022

5:21 PM

Description

Press release from the City of Louisville: January 21, 2022 Call the LOU HEALTH helpline 502-912-8598.  Look for this logo in the lower right corner on every page and click it. The Metropolitan Business Development Corporation (METCO) Board today approved $200,000 in low-interest small business loans. The METCO boards meets monthly to review, discuss and vote on applications for small business loans available through Louisville Metro Government. The city's small business loan programs are administered by Louisville Forward. The small businesses that obtained METCO loans in January: In 2021, METCO approved more than $2.4 million in traditional METCO loans to 26 businesses, leveraging nearly $17.2 million in investment throughout the city. It also allocated $744,000 to 17 businesses through the Small Business COVID-19 Relief Loan Program, which provides small businesses negatively impacted by the pandemic with low-interest loans of up to $50,000 to pay for expenses that will sustain the business. Over $3.1 million in loans to 73 businesses have been approved through the COVID-19 Relief Loan Program since it began in 2020, including two of the loans approved today. To learn more about the city's small business loan programs, visit https://louisvilleky.gov/government/louisville-forward/local-loan-programs. ###   Enter required fields How do you want to be reminded? (Street Sweeping requires at least an email) Reminders are sent on the Sunday before and the Friday of your Junk Set Out date. * is required. By subscribing to this reminder service you agree to the Terms of Use. To unsubscribe go to Gov Delivery. Enter your address and MyLouisville will find nearby city services in the following categories: Find your garbage, recycling, yard waste and large-item set-out dates. Sign up for large-item set out and street sweeping reminders by email and text! No form has been selected. Popular Pages Popular Tools This press release was produced by the City of Louisville. The views expressed here are the author's own.