By Paul Schmitt
A revitalization loan program started last year by the Bank of Luxemburg is paying dividends for small businesses in Kewaunee County. The village of Luxemburg utilized the low-interest loans for capital improvements along Main Street. Bank of Luxemburg President Tim Treml says independent community banks have more flexibility in meeting small businesses’ financial needs.
According to researchers at the Harvard Kennedy in 2015, over half of all small business loans derive from community banks. The Bank of Luxemburg just recently opened their new full-service branch office building in Kewaunee and celebrated a grand opening this past week.