A local business owner will receive financial help from Butler Downtown’s Revolving Loan Fund Program.
Butler City Council has approved an $80,000 loan to Tim Yerace (Iris) for the purpose of purchasing equipment for his business KenMac Rentals LLC.
The program specifies an interest rate of less than 3% and a repayment term of up to seven years.
The Butler Downtown Revolving Loan Fund Committee recommended approval of this proposal.
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