Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PDC approves Luna and MoonBats loans, tables Mandy and Matt’s Cafe request
Summary
The Portland Development Corporation approved a $57,000 loan for Luna (with a six-month interest-only period) and an $80,000 loan for MoonBats Poster Shop, and tabled a $150,000 gap-financing request for Mandy and Matt’s Cafe pending additional staff information.
The Portland Development Corporation approved two small-business loans and tabled a third after presentations, Q&A and an executive session.
Luna, a female-owned coffee and smoothie shop proposed by Naomi Hall, received a $57,000 loan approval with an added staff amendment: a six-month interest-only period at the start of the loan. Nancy, the staff presenter, said the loan underwriting was done by David McLaughlin. Naomi described Luna’s plan to operate inside Salud Studios in East Bayside with a drop-in childcare component and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
