One small business hasn't made a loan payment in 381 days, according to an internal report...

$250,000 in Mecklenburg County taxpayer-backed loans delinquent – WCNC.com

One small business hasn't made a loan payment in 381 days, according to an internal report. Two commissioners are now calling for a thorough review of the program. MECKLENBURG COUNTY, N.C. — More than a year after Mecklenburg County created a $5 million program to help small businesses survive the pandemic, public records show more than $250,000 worth of taxpayer-funded low-interest loans are delinquent. 'I am concerned about it to the point we need to learn from it' The COVID-19 Small Business Emergency Stabilization Loan Fund's most recent delinquency report identifies 11 businesses that are at least a month-and-a-half late …

 

Read the full article here


-- END RSP MOD -->