As the Short North forges ahead with its plan to beautify High Street from the convention center to King Avenue, business owners are left wondering how they will be affected by the inevitable, messy, and lengthy construction.
Luckily, the Short North Alliance is on the same wavelength and has come up with a way to take care of Short North businesses financially during the project.
Eligible entrepreneurs will have access to Small Business Administration loans of up to $350k through Huntington National Bank, reports Columbus Business First. The loans will not include any of those annoying, tacked on fees like closing or application fees. Interest rates will vary but were not explicit and borrowers will have up to nine years to pay them off.
Betsy Pandora, executive director of the Short North Alliance, told Columbus Business First that no businesses will be completely choked off by construction but since it will create an obstacle for customers, they want to make sure the business can survive and potentially put themselves ahead of the game with the investment opportunities.