The North Judson Town Council will finalize the promissory note for a revolving loan to a local business during a special-called meeting today. That’s the lone topic on the agenda for the 4 p.m. session.
The town set up a revolving loan fund in mid-April and agreed to loan Heartland Markets and R&M Wholesale up to $50,000 to offset the cost of equipment upgrades at the town’s lone grocery store. The company recently purchased Ray’s Super Foods and renamed it Heartland Market. Funds for the loan came from the town’s share of county economic development income taxes.