Small Business Loan Grant Seeking Final Approval


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HARRISONBURG, Va. (WHSV) -- City Council members will meet Tuesday night to discuss the final approval of a grant which would provide an additional $35,000 to small businesses needing loans.

Harrisonburg's Business Loan Program has helped more than six businesses get their start.

The majority are in the downtown area.

Ande Banks, the director of special projects, said this program will help revitalize downtown.

It started three years ago during the economic downturn when a lot of small businesses were having trouble getting credit.

Now, Banks said the additional funds could provide one or two more loans for small businesses needing support.

Shawn Richard, the owner of New Leaf Pastry, said if it was not for this financial support, starting his business would have been impossible.

"Aside from the financial support, there is the vote of confidence that I had the right business plan for the space by them accepting my proposal. And, also having the support of the visitors center," said Richard.

Tuesday night's meeting meeting will also discuss a request by Matchbox Realty for a special use permit for both a jewelry store and a brewery in downtown Harrisonburg.

Banks said the brewery has also received a loan from the program to help get its start.


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