From The Trussville Tribune staff reports
TRUSSVILLE — Trussville Mayor Buddy Choat hopes to help small businesses in the city by providing interest-free loans to help them survive the fallout from the coronavirus pandemic.
Choat said, in a video statement, that his plan will have to first be approved by the city council. He wants to work with local banks to offer loans of up to $25,000. He said the city would make interest payments for small businesses that were approved for the loan.
“We want to do what we can, our part as a city, to support those small business owners in our town, that are suffering right now,” said Choat.
Choat said the city would pay interest for up to three years.
“I don’t have the details worked out yet,” said Choat. “We hope to have it ready at our next council meeting for approval by the council to pass an ordinance to do this.”
The next city council meeting will be on Tuesday, April 14, at 6 p.m. It will be streamed online.
Video by Film Dog Media.