A local company will receive financial help from Butler Downtown’s Revolving Loan Fund Program.
Butler City Council has approved a loan of $100,000 to Penn Theater Performance Company. The money will be used to help renovate the facility as a center for performing arts, live shows, music, comedy, speakers, films, private events, and corporate conferences.
The Annual Interest Rate will be set at 3.99% and fixed for the term. Length of contract is five years.
The Butler Downtown Revolving Loan Fund Committee recommended approval of this proposal.
