Microloan program designed to promote growth, business
BERWYN – For Berwyn business owners in need of a cash infusion but who are short on time, the Berwyn Development Corporation’s (BDC) Microloan Program may be made to order.
The program, operated in conjunction with the city of Berwyn, is designed to provide loans from $1,000 to $10,000 to assist existing businesses in good-standing, as well as to encourage new business projects within the city limits. The Microloan Program became available Aug. 1.
Approved by Berwyn’s City Council on May 28, the program is administered by the BDC Commercial Loan Commission.
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