Kite Realty Group, which currently owns and operates scores of power centers in the United States, has set up a low-interest loan program with a fund aggregate of $5 million for its smaller, local tenants.
“We have many small businesses in our shopping centers that have made every effort to make it through this crisis, but who need additional funds to cover expenses until they are able to fully re-open,” said company chairman and CEO John Kite.
“Our small-shop, local tenants are an extremely important part of our business and our local communities,” Kite said. “This program is designed to supplement other available sources to help them pay employees, vendors, and other expenses.
