Market gets $2M in stimulus funds

August 24, 2009 4:46:21 PM PDT
A Chicago small business owner is getting nearly $2 million in expansion loans through the American Recovery and Reinvestment act.Lakeview's Paulina Meat Market has been in business since 1949. Its owner saved more than $16,000 during the loan process because the federal stimulus recovery program waives fees for small business re-investments.

The market's staff recognizes the impact of the cost savings program.

"It seemed like it was a no-brainer. This'll continue as long as we take care of the customers. So to me it was easy, an easy decision as long as I get the loan. It's an easy decision," said Bill Begale, owner, Paulina Meat Market.

"The stimulus program must succeed and this is one small way in which it can succeed," said U.S. Rep. Mike Quigley, (D) Chicago & West Suburbs.

According to the U.S. Small Business Administration, 860 Illinois small businesses have received financial help since passage of the Recovery and Reinvestment Act.


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