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Status of Small Business Funds in Montgomery County

 

The Montgomergy County Action Council applied for another round of funding recently for small business development. Executive Director Trisha Purdon said they have “never had a single loan go into default.” The current funds are down to about $25,000. Ten thousand is going towards what is called “rapid loans” to help small business owners at their initial stages, and the rest is to help business owners through special marketing and finance training.

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