The municipality will be offering these loans for up to twenty thousand dollars, and they come completely interest-free.
State College completed an earlier round of small business loans after several months, when final checks were completed in recent weeks.
Communications assistant to the district manager, Doug Shontz, says these loans are designed to help small businesses rather than larger conglomerates.
“Our redevelopment authority, the RDA that we have here locally, wants to provide some emergency and quick relief for small businesses. This is our second round of loans for that program. We are targeting small local businesses, not regional or national networks. “