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Article posted: 6/25/2013 5:09 PM

Lending initiative for veterans:

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By Daily Herald report

Lake County Partners will waive out-of-pocket loan closing fees, such as title policy, or environmental reports, up to $2,000 for businesses owned by U.S. veterans as part of a federal loan initiative. This reduces the cost of borrowing through the Small Business Administration 504 Program, which offers loans for industrial/commercial land, buildings, and equipment. In addition to a low down payment, which in most cases is 10 percent, the 504 Program provides low-interest, long-term financing. Contact Patricia Fening at (847) 597-1229.

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