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Council approves two small-business commercial loans recommended by loan committee
2530614 · January 20, 2025
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Summary
Lock Haven council approved committee recommendations to authorize two commercial loans: a $45,000 loan to GB Renton LLC and a $17,500 loan to JD’s 3 Witches Bakery, both five-year notes at 3% with collateral required.
The council approved recommendations from the city’s Commercial Loan Committee to authorize two loans to local businesses.
Per the committee report, GB Renton LLC requested $45,000 repayable over five years at a 3 percent interest rate;…
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