Bennington considers increasing business loans - WCAX.COM Local Vermont News, Weather and Sports-

Bennington considers increasing business loans

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BENNINGTON, Vt. -

Bennington wants to quadruple the amount of money lent to local businesses.

The town's loan program currently allows businesses to borrow $25,000 at a time, the town manager hopes to push that number to $100,000.

According to the Bennington Banner, they also want stricter limitations on who can borrow this money.

To apply each business would have to prepare an in-depth plan for the use of that loan and collateral they'll offer against the loan.

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