Springfield business owners can apply for COVID-19 loan relief

Springfield business owners can apply for COVID-19 loan relief

[ad_1]

Springfield business owners who can’t get a loan from a traditional bank can now apply for advance funds designed specifically for them from a $2 million pool.

The Springfield City Council at its meeting Tuesday signed off on a new microloan program in partnership with St. Louis-based Justine Petersen. $50,000 will be set aside to hire an outreach specialist who will work alongside the city’s Office of Planning and Economic Development.

“Any business which can’t get a loan from a bank has an opportunity to be eligible for the loan,” said Robert Boyle, CEO and founder of Justine Petersen. Microloans from the organization are traditionally reserved for business owners with underprivileged backgrounds or who are in need of technical assistance, such as proper bookkeeping and other necessary business functions.



[ad_2]
Source link