Small businesses in Decatur will be able to apply for the Small Business Loan/Grant Assistance Program.
Donor Name: Decatur-Morgan County Chamber of Commerce
State: Alabama
City: Decatur
Type of Grant: Grant
Deadline: 03/25/2022
Size of the Grant: $20,000
Detail:
The City of Decatur, the Decatur-Morgan County Chamber of Commerce, and the Decatur-Morgan County Entrepreneurial Center are partnering to offer the opportunity for local businesses impacted by COVID-19 to apply for a zero-interest loan of up to $20,000, with the potential of having the loan forgiven in 12 months. The funds can be used to cover administrative costs including utilities, rent, mortgage payments, or payroll.
Funding Information
- up to $20,000
Eligibility Criteria
- Must have experienced a financial hardship as a result of COVID-19.
- Must have employed less than 25 (FTE) employees and been in business for at least one year as of March 13, 2020.
- Must be in good standing with federal, state, and local government jurisdictions.
- Must be located in the City of Decatur.
For more information, visit Small Business Loan/Grant Assistance Program.
