Milan is offering a loan program to business owners

Local News

Milan is offering a loan program to business owners suffering during the pandemic.

The Milan Village Board approved a $50,000 Commercial Business Loan Program.

Businesses will get $2,500 in a low-interest loan if approved.

“We’ll look to see what they’ll use the money for and I think at that time it’ll be decided whether this is a forgivable loan or one that has to be paid back,” said Mayor Duane Dawnson.

The city already started taking applications, their goal is to help at least 20 businesses.

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