Rantoul's Micro Loan Committee considered a request for a loan to purchase a downtown building. | Contributed photo
Rantoul's Micro Loan Committee considered a request for a loan to purchase a downtown building. | Contributed photo
The village of Rantoul Micro Loan Committee met Tuesday to consider a request for a loan to purchase a downtown building.
The committee oversees the village's micro loan program, which lends qualifying borrowers up to $50,000 at a current rate of 2 percent interest over five to seven years. Eligible projects include equipment and capital improvements. Proceeds from this fund may be combined to meet a matching grant requirement.
Here's the meeting's agenda, as provided by the village:
TO: Micro Loan Committee
DATE: June 9, 2016
There will be a meeting of the Micro Loan Committee on Tuesday, June 14 at 9:00 am
in the Conference Room of the Municipal Building.
MICRO LOAN COMMITTEE
JUNE 14, 2016
AGENDA
1. Call to Order
2. Roll Call
3. Public Participation
4. Approval May 19, 2016 Minutes
5. Request for loan to purchase downtown building
6. Adjourn
cc: Scot Brandon
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