LEWISTON — The Lewiston Auburn Metropolitan Chamber of Commerce is providing a 90-day forbearance on all loans held with the chamber by way of the Lewiston Auburn Financial Development Council in gentle of the coronavirus pandemic.
The funds originate with Norway Financial savings Financial institution, U.S. Division of Agriculture and Finance Authority of Maine and are meant to assist the stabilization and progress of native companies.
At present, the chamber providers 29 native companies with these loans.
“The chamber acknowledges that companies throughout the L-A area are going through laborious decisions about their workers, their enterprise and their entrepreneurial dream,” President and CEO Shanna Cox stated in a press launch. “As a monetary establishment who has the power to assist ease the burden and convey some degree of certainty to unsure occasions, it felt necessary do what we are able to. As this financial hardship hits extra in our neighborhood, it is going to be necessary that every establishment, enterprise, or company does what it might probably to assist the area as an entire, and the communities that comprise it.”