Spartanburg Chamber launches small business fund

News

SPARTANBURG, S.C. (WSPA) — The Spartanburg Area Chamber of Commerce’s Bringing Back the Burg Task Force on Thursday launched a fund to help small businesses recover from and survive the economic impacts of coronavirus.

The fund, which as of Thursday afternoon had $453,000, includes contributions from the Spartanburg city, the county, the Mary Black Foundation, South State Bank and OneSpartanburg. More than half the funds are restricted to business located in, serving and/or employing people from low- and moderate-income areas of the county.

Each business can receive as much as $10,000 in loans. After one year, up to half of that loan can be forgivable.

“There are a lot of businesses that for whatever reason did not gain access to PPE or did not gain access to EIDL,” Allen Smith, the Chamber of Commerce’s CEO, said. “The data indicates that. We’ve heard that from the community.”

To donate to or learn more about the fund and which businesses are eligible, click here.

To apply for a loan from the small business fund, click here.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Mascot Challenge
High School RedZone
Star of the Week
Black and Blue Kickoff Live
Pro Football Challenge
Carolina Eats Contest
Find A Job
Color your Weather
wspa news app free for download choose your store below
download the wspa news app from the apple app store
download the wspa news app from the google play store

Trending Stories