Monroe County, New York – In order to help small businesses, Monroe County is offering up to $25,000 in forgivable loans.
Business owners can use the money to pay rent, utilities, and payroll expenses.
The program is funded by the U.S. Department of Housing and Urban Development Community Development Block Grant (CDBG) Coronavirus Aid, Relief and Economic Security (CARES) allocations through NYS Homes and Community Renewal.
“Our small businesses suffered economic losses through no fault of their own during the COVID-19 pandemic, and I am committed to using every economic development tool available to help Bring Monroe Back, retain jobs and support our entrepreneurs,” said Monroe County Executive Adam Bello. “This forgivable working capital loan program is a common-sense way to leverage CDBG funding for the benefit of our entire community.”
The funds can cover expenses for up to six months.
In order to be eligible, your business must have under 50 employees.
The loans are given out on a first-come, first-serve basis.
More information is available on the county’s website, by calling (585) 753- 2000, or by emailing firstname.lastname@example.org.