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Commission works with Bank 59 to simplify business-loan application, plans seminars
Summary
Commissioners reported coordination with Bank 59 to simplify the village's role in a business-loan pool, agreed on a two-step application (village screening then bank underwriting), and planned seminars in early 2024 to promote the program while tracking attendance rather than setting loan-amount goals.
Commissioners reviewed progress on the Germantown business-loan pool and said they will work with Bank 59 to simplify the application and public outreach.
Chair (Speaker 3) said a meeting with Bank 59 branch manager Sherry Shatterberg showed the bank operates similar municipal loan programs elsewhere and that one municipality originated…
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