A small business loan program is helping companies expand in the city of Troy.
Since its inception in 2007, the Small Business Development Revolving Loan fund has awarded nearly $2 million to a variety of companies, from manufacturers to restaurants. In all, 20 loans have been allocated to these businesses to support expansion efforts, equipment purchases and renovations, along with other forms of investment to help companies grow.
Jim Dando, development director for the city of Troy, describes…
