small business loans
Reviews lending activity through the Two Rivers Revolving Loan Fund
Whether the committee sets clear, measurable job targets and follows up later to confirm the jobs actually happened.
The city’s small business loan program is tightening its rules again: borrowers have to show they’re creating jobs. Next up, the committee is set to hear updates on possible loan requests tied to Cool City Motel and a potential downtown restaurant.
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passed Business and Industrial Development Committee - Community Development Authority · Jan 27, 2026 Review of lending activity with the Two Rivers Revolving Loan Fund
Motion to reinstate the previous job’s requirement criteria of the RLF
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Staff reviewed current activity in the city’s revolving loan fund.
Business and Industrial Development Committee - Community Development Authority -
Committee discussed using the loan program to support job creation in Two Rivers.
Business and Industrial Development Committee - Community Development Authority -
Committee voted to reinstate a requirement that loan applicants must show they are creating jobs with the borrowed money; motion passed with all in favor.
Business and Industrial Development Committee - Community Development Authority -
Agenda item scheduled: updates to potential revolving loan fund requests for Cool City Motel and a potential downtown restaurant.
Business and Industrial Development Committee - Community Development Authority