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Business Recovery Loans

See press release from 8/28/20

Local Banks helping Local Businesses

Marion banks announce special Disaster Recovery Loans for impacted businesses.

  • Low-interest business loans for working capital
  • Simple, expedited local handling of applications

TERM: 180-Day Loan Program – Short-term loan designed to assist in the recovery process

INTEREST RATE: 3.00% APR* single-payment loan

ELIGIBILITY:

  • Business within participating lender’s service area(s).
  • Approval based on each participating bank’s standard loan requirements, including credit scores, historical financial information, and cash flow.
  • Eligible loan uses include working capital, inventory, equipment, and other
    reasonable business expenses.
  • Storm Recovery Loans are for new purposes only; proceeds cannot be used to pay off existing loans or debt.

*Annual Percentage Rate; limited time offer expires 11/1/2020

Your Marion community banks are here as they have been for generations, with resources available and a willingness to help.

Visit one of these participating banks for Storm Business Recovery Loan information:



If additional financial institutions are interested in joining as a lending partner, please contact Nick Glew.

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