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.