New Rockford, ND

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Chamber of Commerce Offers 0% Interest Shop Local Loans

October 21st, 2013
 –The New Rockford Area Chamber of Commerce is pleased to continue offering a funding option for local commerce through the Shop Local Loans program, aka Christmas Cash. Community Credit Union and Bank Forward will accept the personal loan applications from now through December 22. Qualified applicants can receive between $300-$1500 at zero percent interest to purchase whatever they need – services, products, groceries, gas, or items for the holiday season – from any of fourteen participating Chamber businesses.

There is a $10 application fee and repayments begin January 1, 2014. Borrowers have a 10 month repayment on the loan. The cash can only be redeemed at participating Chamber of Commerce businesses, which currently includes fourteen local businesses.

Any loan approved for $500 or more will also receive $25 in Chamber Bucks, a free bonus from the Chamber.

As Chamber Treasurer Tammy Longnecker explains, "This is a great way to help our local community shoppers out during the holiday season. They receive a zero interest loan for holiday shopping or whatever they need, and don't need to pay it until after the holidays. Instead of putting it on a credit card that charges high interest, they can take advantage of this opportunity, and we can help keep them working and shopping with local businesses."

The New Rockford Area Chamber of Commerce members and board appreciate your business and wish you a wonderful holiday season. Contact the Chamber at (701) 947-2211 with any questions.

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