Entrepreneur receives $18K mortgage from Port Authority for new small business

The Guernsey County Port Authority voted to table a decision regarding accepting the Harper-Hutchison Building from Ohio Bridge. The property transfer is a condition of an approval by the City of Cambridge to close a potion of Gomber Avenue in order for the bridge manufacturer to expand its business on the city's West End. Port Authority officials want to obtain additional information regarding the property prior to a vote.

The Guernsey County Port Authority a short while ago permitted an $18,000 loan request by neighborhood entrepreneur Cheryl Cota in buy for her to return to business enterprise as Cheryl’s Perfect Embroidery.

The small business will operate from the basement of Cota’s household and supply a lot of kinds of embroidery operate which include letterman’s jackets for region college college students and “in memory” things.

Board customers cited Cota’s 19 many years of encounter in the embroidery company and the high-quality of her earlier get the job done as factors for approving the five-calendar year bank loan.

“She has a fantastic grip on the organization,” explained board member Pete Mikula.

The Guernsey County Port Authority presents financial loans up to $25,000 with desire fees of 1 % beneath primary to help people with setting up a organization or expanding a latest business.