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Revolving
Loan Fund Committee
This
Committee considers requests from businesses seeking financial
assistance through the Village's Revolving Loan Fund and makes
recommendations to the Board of Trustees regarding granting
such loans.
Members
of the Revolving Loan Fund Committee are:
Chairperson:
Committee
Members:
Stu Johnson
William LaFountain
Dr. Neil Schlupp
James Volkert
Stanley Zepelak
Committee Advisor: Director of Community Development Jane Tompkins
All
meetings are open to the public. Meetings are held at the Village
Hall on an as-needed basis. Public Notice is posted at the Village
Hall at least 48 hours prior to any meeting.
Revolving
Loan Fund Background
The
Revolving Loan Fund (Economic Development Fund) was established
during the fiscal year ended April 30, 1985, through a $500,000
grant received through the Department of Commerce and Community
Affairs of the State of Illinois. During the fiscal year ended
April 30, 1991, the Village received an additional $300,000
grant. Additional information on the Revolving Loan Fund may
be obtained at http://www.montgomery-illinois.org/loanfund.htm.
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