Metropolis Council forgives COVID small enterprise loans

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SOUTH LAKE TAHOE, Calif. – The South Lake Tahoe Metropolis Council on Tuesday morning voted to forgive the 53 small enterprise loans that got to companies throughout the pandemic.

The loans got to native companies in quantities of $5,000, $10,000 and $15,000 and have been determined by the short-term financial restoration subcommittee.

Town stood to gather $382,500 from the no-interest loans over seven years. Employees beneficial forgiving the loans, stating that workers time wouldn’t be well worth the quantity town might get again, particularly if town wasn’t going to make more money.



Councilmembers John Friedrich and Cody Bass have been strongly in favor of forgiveness and Mayor Professional Tem Cristi Creegan expressed concern concerning the workers time.

Nevertheless, Mayor Devin Middlebrook was not in favor of forgiveness, echoing a remark made by resident Ed Mosur turning public remark.



“Extra companies would’ve utilized in the event that they thought it could’ve been forgiven,” Middlebook stated.

Regardless of Middlebrook’s considerations, the council voted 3-1 in favor of forgiveness. Councilmember Tamara Wallace was absent from the assembly.

Friedrich put forth a problem to the companies to make use of the cash they might’ve needed to repay to donate again into native nonprofits.

Bass supported Friedrich’s thought, stating, “individuals who might pay it again ought to pay it ahead.”



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