Mason City Council – Mason Small Business Expense Forgivable Loan Program
Agency / Department: Mason City Council
Resource: Mason Small Business Expense Forgivable Loan Program
Details: Based on a company‚Äôs 2019 payroll, the business owner may apply for a loan ranging from $2,500 to $15,000. Loans will be forgiven contingent upon the business maintaining operations within the City of Mason either one or two years after the loan distribution date. Loans that do not qualify to be forgiven will be required to be repaid within six months after the end of the term without interest.