MARION, Ind. (Inside INdiana Business) — Small businesses in Grant County affected by the coronavirus now have the opportunity to receive financial assistance. The Grant County Economic Growth Council has launched the COVID-19 Loan Fund, which can provide eligible businesses up to $7,500 in funding.
The the fund is an extension of its existing Revolving Loan Fund program. The Growth Council says the COVID-19 Loan Fund has an adapted application to make it more accessible to businesses.
Businesses operating in Grant County with less than 30 employees are eligible to apply for funding.
“Grant County businesses experiencing or anticipating revenue loss in the upcoming weeks or months can utilize the COVID-19 Loan Fund to offset these losses, help sponsor sick pay for workers, prevent staff reductions, and mitigate other challenges presented by event cancellations, reduced foot traffic, self-quarantining, and work from home policies,” the council said in a news release.
The council says six businesses will be selected in each round of funding. The first round of applications are due by April 3 and the first recipients will be announced April 17.
You can learn more about the fund by clicking here.