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County staff eye $100,000 set‑aside to revive small-business expansion loan program
Summary
Staff proposed reviving a business expansion deferred loan program with a potential departmental set-aside around $100,000 to provide $10,000–$40,000 loans to businesses with 15 or fewer employees; applicants must work with the Small Business Development Center.
A staff member (speaker 6) previewed bringing back the Bethel business expansion deferred loan program, saying the department had previously set aside roughly $100,000 for the initiative. Eligible businesses (15 or fewer employees) could apply for loans ranging from $10,000 to $40,000 to finance equipment or furniture and to expand services and hiring.
Speaker 6 said prior recipients included Queen City Creamery, Locust Post and others, and emphasized the county would require applicants to work with the Small Business Development Center (SBDC) to produce a qualified business plan with projections. Chair said staff would return with a formal reauthorization request and a recommended dollar amount for a future public meeting.
