Muncie Industrial Revolving Loan Fund Board Creates COVID-19 Relief Loans for Local Small Businesses
By: City of Muncie— Muncie, IN- The Muncie Industrial Revolving Loan Fund Board has created the “COVID-19 Relief Loan for Small Business.” This loan is designed to provide aid to local small businesses who have felt the economic impact of the COVID-19 epidemic. The board has made $150,000 of City funds available, which it will spread across 20 businesses. This allows for $7,500 to be allotted to each of those 20 businesses. The loan is non-forgivable, and will need to…
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