CDBG Covid-19 MicroEnterprise Loan Program
1 Oct 2020
Small Business Resources for Covid-19 Response
City of Rockford, Economic Development Office
A new funding has been made available through the CDBG Micro-enterprise Business Loan Program which will provide $25,000 in funding relief to assist small businesses who have been adversely impacted by COVID-19. With this funding, $10,000 is provided as a grant, while $15,000 is provided as a four-year, 0% interest, business loan with a 12-month deferred payment. When awarded, businesses will received the full disbursement as partial disbursement are not allowed. Applications for the funding program started on Monday, September 14.
Funds will be awarded and funded on a rolling basis until funding is depleted. To apply, please click here.