Metro Council pushing for small business loans

LOUISVILLE, Ky. — Louisville Metro Council members are keeping a close eye on the economy and talk of a recession.

During a Tuesday meeting, members said they don’t believe elected officials are comfortable with opening things back up now.

They discussed starting a re-entry plan when the city is closer to reopening businesses.

Members also discussed spreading the word about help for small businesses.

Business owners can start the loan application process through their local bank or

“SBA. Don’t disqualify yourself, let someone else disqualify you. No fee. No reason not to apply,” Steve Trager, a Republic Bank and Trust representative, said.

Trager warns it could take a few days to get a loan decision as 400 people were already working on applications.

Metro Council members and business leaders say you should apply for a loan whether you believe you qualify or not.

►Make it easy to keep up-to-date with more stories like this. Download the WHAS11 News app now. For Apple or Android users.  

Have a news tip? Email, visit our Facebook page or Twitter feed.  

Louisville rehab center to open 33-bed COVID-19 unit to treat coronavirus patients

Kentucky, Indiana could see new job openings as Amazon plans to add 75,000 workers nationwide

Small businesses in Kentuckiana relying on Paycheck Protection Program to stay afloat, keep employees

Kentucky agriculture commissioner says state food supply chain is strong

Stimulus check calculator: See how much you’ll likely be getting