Patricia Area Community Endeavours is launching a new Micro Loans Program!
The initiative allows businesses in their en-catchment area to take a loan ranging from 500 to 15 thousand dollars in a faster period of time.
General Manager Donna Pollock says the benefits include more flexibility, lower interest rates, faster approval process and shorter amortization periods.
Pollock also says these loans may be more beneficial to newer businesses who may not have as much financial security.