City funding business loans to create jobs
Tue, 2014-09-09 09:16
News Staff
By LYNETTE SOWELL
The City of Copperas Cove has $45,000 in business loans for local business owners via its revolving loan fund, but those interested in applying for funds must apply by September 17. The revolving loan fund, or RLF, is intented to stimulate economic growth in the community. According to the application information packet, loans must be a minimum of $10,000. For each $25,000 or less borrowed, a minimum of one full-time equivalent job must be created or saved, or 37.5 hours per week, which is equal to two part-time jobs.
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