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If you need a loan, call Susan Narvaiz and get some city money. She loaned money to a private religious school, so why not loan it to you?
In August city council gave a loan of up to $345,000 at 3% interest to the Master?s school to be repaid in a year. The city has to borrow it at 5% interest but the city gave the school a break. The school owns 16 acres behind the outlet malls so they could have gone to a bank and used the land as collateral. Susan justified this loan by saying it was for economic development because the school will creat new jobs with an estimated payroll of $120,000 a year.
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