Munroe Falls Community Investment Corp. is providing gap financing loans to start-up and existing businesses
Originally formed in 2009, the Munroe Falls Community Investment Corp. (CIC) began receiving funding from the Munroe Falls City Council in late July of this year, The Stow Sentry reports. The delay occurred because of the depressed real estate market. The nonprofit entity now is "seeking proposals from start-up and existing businesses interested in a gap financing loan program." The program basis is "designed to offer loans to businesses in cooperation with a bank," and only fills in funding gaps – it will not completely finance any project. For more, read the full story.
