Community Development Block Grant Revolving Loan Committee 9-22-2026

The City of Green Bay's Community Development Block Grant Revolving Loan Committee met on September 22, 2026, to review and take action on a loan request from SK Scrap Art LLC. The committee discussed a $14,000 working capital loan to support the business's transition from market sales to a permanent storefront at 226 North Adams. The loan terms, including interest rate and repayment period, were considered, with a preference expressed for a five-year term to reduce monthly payments. The committee approved the loan request with no opposition, contingent on the lease approval. Additionally, updates were provided on other loan accounts, including a foreclosure process on a commercial property and the status of other economic development loans. The committee also noted an upcoming loan application involving an equipment loan shifting to construction, requiring further review. The meeting concluded with a motion to adjourn.