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Small business fund awards $360K in southern Indiana

(photo courtesy of the Community Foundation of Southern Indiana)

NEW ALBANY, Ind. (Inside INdiana Business) – Several southern Indiana organizations have raised $360,000 to help businesses impacted by the coronavirus pandemic. The COVID-19 Small Business Emergency Forgivable Loan Program says it has provided forgivable loans of up to $10,000 each to 37 businesses in Clark and Floyd counties.

Clarksville-based S&R Towing & Recovery was a recipient of a $10,000 loan. “With the help of this loan, our small business will stay afloat amid these uncertain times,” said owner Bobby Raggard.

New Albany’s Donum Dei Brewery also received assistance from the program. “It will also give us the opportunity to replenish our raw materials that have been depleted by making hand sanitizer for the community,” said owner Richard Otey.

Partnering organizations include: One Southern Indiana, which is the chamber of commerce and economic development organization for Clark and Floyd counties, as well as the Community Foundation of Southern Indiana, and the Caesars Foundation of Floyd County.

More information can be found by clicking here.