Bank of Luxemburg dedicates $1 million to revitalize local business

Bank of Luxemburg is dedicating $1 million dollars to fund low-cost loans to local businesses as part of a Revitalization Program in partnership with the village of Luxemburg.

The Revitalization Program is meant to assist business owners to enhance the physical appearance and economic vitality of their businesses and commercial buildings within the Village of Luxemburg. Long-term objectives of the program include physical improvements of buildings, landscaping and parking lots, plus increased pedestrian functionality.

“Bank of Luxemburg is a huge advocate for the Luxemburg community,” said Executive Vice President Tim Treml. “It is our hope that these improvements will help to retain and attract local businesses, increase property values, and create a stronger sense of community.”

Loan amounts will vary from $5,000 to $50,000 with a low fixed interest rate and special repayment terms based on individual project needs. Eligible loan uses include facade improvements, pedestrian cover, historical preservation, structure renovations and accessibility improvements.

Luxemburg business owners interested in the Revitalization Program can contact Mike Stone at Bank of Luxemburg at 920-845-2345 or mikestone@bankoflux.com.

Bank of Luxemburg and Luxemburg Bancshares Inc. have full-service banking offices in Luxemburg, Green Bay, Dyckesville, Casco, Algoma, Kewaunee and Sturgeon Bay. The company also offers investment services, financial planning and the sale of alternative investments to its customers in each community.

For more information about Bank of Luxemburg and Luxemburg Bancshares Inc., visit www.bankofluxemburg.com.

This article originally appeared on Green Bay Press Gazette: Bank of Luxemburg dedicates $1 million to revitalize local business