Loan program update: Vernon County reports $281,005 in development fund; collections continuing
Mr. Bangle told the committee the economic development loan fund began August with $281,005.38; Logan Mill has made large catch-up payments and Miles to Smiles balance is under $1,000, while staff continue outreach to borrowers and partners.
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At the committee meeting, Mr. Bangle gave a detailed update on the economic development revolving loan fund and recent borrower activity. He reported the fund started the month of August with $281,005.38 and said staff had contacted delinquent borrowers; Logan Mill made a large payment (previously received at the end of July), and Miles to Smiles has reduced its balance to under $1,000.
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