Chamber’s Low Interest Loan Program Offering Special Terms to Assist Members Impacted by Recent Flooding
The Columbia Montour Chamber’s Board of Directors has elected to make special bridge loans with a special low interest rate available through the Chamber’s low interest loan fund to members that have been impacted by the recent flooding during July and August. These bridge loans with a special interest rate of 3% will be available through Dec. 31, 2018 and are for a maximum term of 30 months and a maximum amount of $10,000. They are intended primarily to help bridge the gap between the immediate needs of member organizations and when insurance payments are processed and dispersed, although having a pending insurance reimbursement is not specifically required to qualify.
Organizations must be a member of the Columbia Montour Chamber to be eligible for a bridge loan. If an interested business was not currently a Chamber member, they would need to join either by paying for a membership immediately ($260) or have the cost of membership added into the loan.
Please see the full guidelines and application for this special bridge loan program. Questions can be directed to Chamber president Fred Gaffney at 570-784-2522 or by email.