NDC Loan Program waiting to help small business owner
For the small-business owner who may be in need of a financial shot in the arm, or who is considering starting a small business, there may be a resource available through the Newton Development Corporation.
NDC Executive Director Frank Liebl said the Small Business Intermediary Re-Lending Program Loan Fund may be a somewhat under-utilized source for local funding.
“It’s gap financing,” Liebl said. “If the bank doesn’t fund 100 percent of a project, we can step in and fill the gap.”
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