Last week, North Shore Bank and the Historic King Drive Business Improvement District announced that they would establish a $50,000 revolving loan fund to help revitalize the business district. Both organizations contributed $25,000 to the fund.

The BID will tap into the fund to authorize small-business loans between $1,000 and $10,000, which will be available to qualified businesses that want to open in the King Drive area or expand their presence there. Technical assistance and mentorship opportunities are also available to businesses that receive the loans. See our press release for more information about the loans and this good news for our community.