City of Marseilles to offer no-interest loans to businesses

City of Marseilles to offer no-interest loans to businesses

Businesses in Marseilles feeling the effects of the coronavirus pandemic can apply for no-interest loans through a program from city hall and Ottawa Savings Bank. Mayor Jim Hollenbeck says money the city has from an old state program is funding the loans. Ottawa Savings Bank is helping with the program.

Businesses can borrow up to $10,000 to pay for anything from salary to inventory to building improvements. First payments can be deferred.

The city council will vote on approving the program next week. Applications and more information can be found online here.