Marble Falls EDC forgives loans

  • COVID-19 restrictions led to closures in Marble Falls like Bealls, pictured here, or prompted other businesses to seek loan programs such as one through the Marble Falls EDC to keep their doors open. File photo
    COVID-19 restrictions led to closures in Marble Falls like Bealls, pictured here, or prompted other businesses to seek loan programs such as one through the Marble Falls EDC to keep their doors open. File photo
The Marble Falls Economic Development Corporation (EDC) board has agreed unanimously to forgive $75,000 in emergency, no-interest loans made last year to nine local businesses. The loans were made as part of a $100,000 COVID-19 Emergency Loan Program created by the EDC to provide working capital to existing businesses within the city limits who needed help paying personnel costs, rent, utilities…

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