From City Hall: Fayetteville City Council approves small business bridge loans
The City Council approved funding for bridge loans to help keep small businesses operating while they are waiting for approval of federal loans. The program, approved at the council meeting on May 11, is funded for $260,000 and began accepting applications May 12.The goals of the bridge loans are to provide immediate relief to help small businesses within the city stay open, limit job losses, provide low-cost “bridge funding” until businesses can qualify for longer- […]
