Warren Extends COVID-19 Loan Deadline, Plans New Program
WARREN, Ohio — Businesses in the city have more time to apply for assistance during the coronavirus pandemic.
The city extended to Aug. 19 the application deadline for its COVID-19 Business Support Loans, which offer deferred 0% interest on loans of up to $5,000. Launched in May, the program assist qualifying businesses in the city with expenses incurred with reopening and/or retrofitting because of the coronavirus, according to a release.
The funds can be used for items such as restocking perishable inventory lost during the coronavirus shutdowns, retrofitting for social distancing and employee protection, and personal protection equipment for employees.
This comes as the city prepares a new initiative to help businesses with coronavirus-related expenses. Details will be released once the current loan program has ended, says Mayor Doug Franklin.
“It’s imperative that we continue to offer any assistance we can to our businesses and their employees,” Franklin said. “They are an extremely vital part of our community and will play a big part in our recovery from the devastation caused by this pandemic.”
Business owners can request a loan application by contacting via email or U.S. mail:
Executive Director, Warren Redevelopment and Planning Corp.
333 Harmon Ave. NW
Warren OH 44483
Michael D. Keys
Community Development Director
258 E. Market Street, Suite 305
Warren, OH 44481
Copyright 2020 The Business Journal, Youngstown, Ohio.