County supports lending company

Breaking News

County sees increase in sexually transmitted diseases - 21 Hours Ago

Local News

Discussion

June 25, 2009

STAFF REPORT The Commercial-News Thu Jun 25, 2009, 09:21 PM CDT

DANVILLE — Vermilion County board committee members heard a presentation Thursday on a loan program available to Vermilion County businesses.

Julie Lester of Danville spoke to the executive committee as a representative of Fairway Commercial Lending during a meeting Thursday night.

The loan program, according to Lester, targets small business owners in qualifying low income areas by offering loans with below market interest rates and favorable terms.

A potential business must be located within a qualifying low income Census tract. Lester said as much as 95 percent of the county is eligible for the loans, based on boundaries drawn on 2000 Census figures.

As much as $31 million is available in Illinois this year through Fairway Commercial Lending, Lester said.

County Board Chairman Jim McMahon offered support of the plan, saying his office would pass along the information to people who contact the county office.

Text Only

Local News

Community Calendar
February 13, 2012
Quinn defends Ill. after Caterpillar CEO blasts jobs climate
Gov. Pat Quinn defended the state’s business climate Sunday after the head of Caterpillar Inc. blasted state political leaders in a published column for not doing enough to grow business and jobs in Illinois.

February 12, 2012
Seed-starting tips provided
February 12, 2012
Veteran to discuss history
February 12, 2012
Schools to compete in bee
February 12, 2012
County sees increase in sexually transmitted diseases
The Vermilion County Health Department took a hit in the summer of 2010 when a large number of programs offered through state grants were eliminated because of slow-moving funding.

February 12, 2012
Health officials seek public’s opinion
Determining the health issues local residents deem important will be the focus of an upcoming meeting in Danville.

February 12, 2012
Goldendoodles, family a perfect match
Chris and Kelli Pinkerton have always liked the friendly, personable golden retrievers, except for the shedding.

February 12, 2012 3 Photos
Songwriter: Time to slow down
After nearly a lifetime in the country-music business, Bob Payne has earned plenty of awards and rewards — but not the monetary kind.

February 12, 2012 1 Photo
Lincoln remains in the spotlight
Since 2002, the Papers of Abraham Lincoln has been actively obtaining images of every document by or to Abraham Lincoln.

February 12, 2012
More Local News Headlines