The Paltamo municipal council will make a significant decision today regarding a proposed loan of 100,000 euros to Paltamo Golf. This financial assistance is intended to help the golf company restructure its finances following recent disputes involving unpaid debts. The council's administration has recommended the loan, but the municipal director, Pasi Ahoniemi, has refrained from commenting on the matter ahead of the council's decision.

The proposed loan would come with a fixed annual interest rate of six percent and a repayment period of five years, during which the golf course will only pay interest in the first year. This means that the actual repayments on the principal amount would not begin until 2027. To secure the loan, the golf company will provide collateral in the form of a lien on its clubhouse located near the center of Paltamo. Although the value of this asset has been assessed by an external party, details of this valuation have not been made public. Ahoniemi mentioned that the council would not have considered the loan offer if the asset value was determined to be less than the loan amount.

Ahoniemi also assured the public that granting this loan would not jeopardize the municipality's ability to meet its statutory obligations, which is a crucial consideration amid the economic challenges the golf course owner is facing. This proposed financial aid reflects the local government's willingness to support local businesses, even when they are struggling financially, suggesting a vested interest in maintaining community resources such as recreational facilities like golf courses.