Summary
The RDA will foreclose on a delinquent business loan after the borrower — a tax prep business — stopped communicating and paying in April, owing roughly $195,000 plus back taxes.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Impact analysis
Roughly $170,000 real estate loan balance, $20,000 working capital loan balance, and $4,800 in unpaid property taxes.
The revolving loan fund and city taxpayers through recovery of public funds.
The delinquent borrower will lose the property.
Mentions & discussions (1)
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