Local News

The United States Department of Agriculture has lifted some of the restrictions around their revolving loan fund for small communities who may have struggling businesses.

 

The loan is administered locally through the DeWitt County Development Council and their Board President David Torbert says the loan can be used for payroll now to help their employees maintain a normal lifestyle during this time.

 

 

The USDA has temporarily lifted the restriction for a small business to use their loan for payroll. Torbert indicates a small business owner still needs to obtain a loan from a lender because the revolving loan fund is still a gap fund.

 

 

Governor JB Pritzker has opened up several loan and grant opportunities to small businesses of downstate Illinois as well. 

 

Torbert points anyone with questions or wanting more information to visit dcdc-illinois.net. You can also reach out via the DCDC Facebook page. 

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