May 27, 2022

Lakeway Parks

The Smart Business

A few enterprises get Muscatine’s forgivable tiny small business financial loans | Regional

MUSCATINE – A few Muscatine corporations will get a $25,000 smaller organization forgivable personal loan as aspect of the city’s new Little Enterprise Forgivable Bank loan software.

Meg’s Vintage Collective, 122 West 2nd Avenue, Purple & Lee Vintage, 124 West 2nd Street and A&G Merchandise, 500 Mulberry Avenue acquired the financial loans.

A fourth organization will be named at the time its operator returns from an out-of-town trip.

The plan is for “building advancements to current corporations and startup costs connected with the development of a new small business,” specially these in the downtown place.

“The city’s ongoing Compact Business enterprise Forgivable Bank loan plan commenced in 2015,” claimed Local community Growth Director Jodi Royal-Goodwin. “With these 4 firms, there have now been 30 loans provided by the software. Financial loan purposes are reviewed as they are received and right until money are expended each and every 12 months.”

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“All of these businesses were being chosen because they ended up identified to have viable business enterprise ideas, methods to help the proposed projects, and, with the exception of A&G Products, are active downtown organizations committed to the ongoing revitalization of the main company district,” Royal-Goodwin said.

A&G Products sells overstock and liquidation merchandise, separately or in bulk, by on the internet auctions, and is expanding into a brick-and-mortar retail store. House owners Gavin Meerdink and Alejandro Vasquez mentioned it will assistance with the building’s final refurbishment jobs, like flooring and ceiling.