Sept. 03--YOUNGSTOWN -- The Youngstown Neighborhood Development Corp. is offering loans of $1,000 to $10,000 to certain small businesses in the city for equipment purchases.
The loans are available to start-up and existing businesses operating in Youngstown with no more than five full-time employees, one of whom is the owner and must be a city resident. The mission of the program is to promote self-employment, small-scale business creation and economic independence in city neighborhoods, according to YNDC. The loans have flexible repayment terms with 2-percent annual interest.
Loan-application materials can be obtained from the YNDC office at 820 Canfield Road, or by emailing Liberty Merrill, YNDC land re-use director, at firstname.lastname@example.org.
Loan applications are due to the YNDC office by 5 p.m.Oct. 15, with approval in early November.
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