Harrisonburg Business Loan Program Receives Boost

By: Carly Stephenson Email
By: Carly Stephenson Email

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HARRISONBURG, Va. (WHSV) -- Entrepreneurs or small business owners who need a little help starting up will still be able to use the Harrisonburg Business Loan Program.

Tuesday night, the city council approved a resolution authorizing a $35,000 grant for the program from the Industrial Development Authority of the City of Harrisonburg.

A $4,500 loan from the program helped Jeremiah Young, the owner of Court Square Coffee, open his business sooner than he expected.

Young has been open for nearly thee years and said he has a great amount of regulars people who stop in daily as part of their routine.

He recommends the loan program if business owners need a boost.

"A lot of different retail shops here, great restaurants, great people. Good business plan, it's very straightforward. I think if you're definitely thinking about opening up a business, downtown and you need some help, this is a good program," said Young.

The loan program started with $125,000, but this Friday, the money will run out, according to director of special projects Andy Banks.

At the meeting, he said they plan to loan the last of that money to a small business owner.

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