Keokuk, IA – Keokuk will receive $99,000 from the federal government to develop a small business revolving loan fund. The city found out, during last night's meeting, that the USDA approved the funding. The council has already pledged $100,000 toward the program. Mayor Dave Gudgel says a revolving loan fund will help expand business growth. Upon final confirmation, Gudgel says a committee will be formed to manage the program. Several council members have expressed interest in the creation of a revolving loan fund for residential neighborhooods.
Keokuk Gets Federal Funding
