Business loan

Building Reuse Grant Application, Small Business Loan Approved | Gov. and politics

A letter from Sharon Jablonski, the city’s cultural and creative development director, said the Cordells are currently paying $ 1,800 per month to rent the building, plus $ 2,000 per month to pay the purchase price of the business. . Current kitchen equipment only allows staff to work on about six orders at a time, according to Jablonski’s letter.

With the loan from the town and VEDIC, Jablonski said the Cordells could pay the purchase price of the previous owner of the business with one of the loans and use the other to create a more functional kitchen.

The city council approved the loan, which, after five years of on-time payments, would be canceled. Information from the city indicates that this translates to a 50% repayment of the principle, and that the money repaid will go into the city’s loan fund to help businesses in the future.

Donate funds to launch electric vehicle charging stations

Three charging stations for electric vehicles will soon find their home in Morganton.

One of the charging stations, a DC fast-charge station, will be located at 111 Bush Drive, near the new Starbucks at Exit 105 on Interstate 40, and another will be located near Martha’s Park at 201 N. College. St.

Another Level II charging station will be installed in the Burke County Chamber of Commerce building at 110 E. Meeting St.


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