Litter Media

Beneficial news you can use – Finding the good in our communities

OVRDC Offers Loans For Small Businesses Impacted By COVID-19 Pandemic

Photo Courtesy of Word Press

Presented By Hometown-Motors, Inc.

Businesses negatively impacted by COVID-19 could be eligible for the Sustainability Loan Program through the Ohio Valley Regional Development Commission.

OVRDC is seeking applicants for loans from $5,000 to $25,000 with Interest rates as low as 2% for 3 to 5 years and pay nothing for the first 6 months.

Borrowers would need to be from existing small businesses or sole proprietors in Ross, Pike, Fayette, Highland, Jackson, Adams, Brown, Clermont, Gallia, Lawrence, Scioto, or Vinton Counties.

Use the loan proceeds for day-to-day operating expenses to work through the temporary economic downturn. No bank is required and it has a low application fee of $100.

For more information, go to the Ohio Valley Regional Development Commission website link provided. CLICK HERE: