Revolving Loan Fund Committee Approves Two Loans
Posted: February 11, 2014
The City of Eau Claire’s Revolving Loan Fund Committee recently approved loans for Infinity Beverages, LLC and for ProVyro Waste Services, LLC.
A motion passed to approve the Regional Business Fund Loan with Infinity Beverages, LLC in the amount of $25,000 for a three year term at 4% interest. With these additional funds Infinity Beverages, LLC is looking forward to expanding product lines along with creating future jobs.
A motion also passed to approve an Economic Development Administration Revolving Loan Fund with ProVyro Waste Services, LLC in the amount of $80,000 for a 10 year term at 4% interest. With these funds ProVyro Waste Services, LLC is looking forward to becoming more efficient in their services and creating future jobs.