The Brillion News
Posted on April 24, 2010 @ 12:35 p.m.
APPLETON - Outagamie County oin Fridya, April 24, announced the launch of the COVID-19 Business Assistance Program in collaboration with the Fox Cities Regional Partnership, the economic development division of the Fox Cities Chamber of Commerce.
The new program offers local businesses access to capital in a nimble and quick manner due to the economic challenges from COVID-19.
By repurposing an existing revolving loan fund, Outagamie County dedicated $250,000 to the COVID-19 Business Assistance Program. The program is offering loans ranging from $5,000 to $20,000 with a three- to five-year repayment term, two percent interest, and deferred principal and interest for at least six months.
Loans support basic business needs, including rent/mortgage payments, utility payments, payroll expenses, and preexisting purchase orders.
In addition, loans may support business upgrades and changes in response to COVID-19.
Outagamie County businesses impacted by COVID-19 that are interested in applying for funds can learn more at https://foxcitieschamber.com/main/outagamie-county-covid-19-business assistance-loan-program/ or contact Fox Cities Regional Partnership staff:
Jennifer Brown, Fox Cities Regional Partnership & Chamber of Commerce 920-819-4175, Jennifer@foxcitiesregion.com
Jayme Sellen, Fox Cities Regional Partnership & Chamber of Commerce 920-254-0406, JSellen@foxcitieschamber.com
Applications will be reviewed on a regular basis by the Outagamie County loan committee. Businesses are also encouraged to review other available options locally, through the State of Wisconsin and through the federal CARES stimulus package.