Butler City Council voted Thursday, Dec. 7, approve a $100,000 loan for the Penn Theater Performance Company at the recommendation of Butler Downtown.

Mayor Bob Dandoy said the loan is distributed by the Pennsylvania Department of Community and Economic Development and administered through the city. Butler Downtown completes the necessary paperwork to recommend projects for loans, and makes recommendations to Butler City Council on which to fund.

The Penn Theater Performance Company is a nonprofit that helps book entertainment for the theater, which reopened for its first public event in November. The performance company has been a nonprofit since August 2016, according to ProPublica.

The Revolving Loan Fund is a collaboration between the city and Butler Downtown. It’s intended to provide financing for small-business development and renovation projects to commercial or mixed-use real estate in Butler, according to Butler Downtown’s website.

Dandoy said the loan has a 3.99% interest rate and a payment term of 60 months.

“They vet those pretty thoroughly,” he said of Butler Downtown.