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TIOGA - The Button Whole Market has closed on a $15,000 Tioga County Revolving Loan Fund (TCRLF) with the Tioga County Development Corp. (TCDC)

The $15,000 loan will be used to help make building improvements, according to TCDC president and CEO Robert Blair.

The market is in the former Preston's Market building.

"The Tioga County Revolving Loan Fund is a terrific program, helping local area businesses with financial assistance. It is a great benefit to have in the county," market owner Jim Button said.

Purchased in 2007 by Button and his wife Debbie, The Button Whole Market has served the people in Tioga and surrounding areas for more than 100 years.

Along with financing from TCRLF, the market will receive a grant from the Fresh Food Initiative Finance Program managed through the Reinvestment Fund, a program designed to increase the number of supermarkets in underserved communities throughout Pennsylvania.

The Tioga County Revolving Loan Fund is a private sector-driven program, compatible with public sector purposes and designed to increase the quantity and quality of available job opportunities in the county. The purpose is to create a positive, business-friendly economic climate to stimulate growth and expansion, which will improve the overall economy of Tioga County.

Eligible for-profit businesses must be within Tioga County.

Funds borrowed may be used for any business expenses related to start-up, expansion or improvement of the business, purchase and-or installation of machinery or equipment, land assembly and acquisition, real estate development including redevelopment or rehabilitation, facility modernization, inventory and working capital.

For more information and application on the Tioga County Revolving Loan Fund Program and other financial assistance, contact Lillian Smith, TCDC economic development coordinator, at 723-8232 or tcdc3@ptd.net.