Warren Offers Loans to Firms Impacted by Virus
WARREN, Ohio – The city of Warren is taking applications for the Business Impact Program, which provides loans for businesses impacted by COVID-19 and looking for opportunities created by the pandemic.
The program will offer up to $10,000 for working capital to cover utility payments, rent, equipment or other expenses. The loans will carry a 2% interest rate with a maximum three-year term. They can also be deferred for up to six months.
Businesses seeking loan assistance must be located in the city and show the funds are related to COVID-19 restrictions, business loss, increased costs or relevant business opportunities.
In May, the city created the CV-19 Business Support Loan to help businesses that shut down. Businesses that received funding from the first round of forgivable loans are eligible for the the new Business Impact Program.
Information or application requests should be made by mail to Anthony Iannucci at 333 Harmon Ave. NW, Warren, Ohio 44483 or Michael D. Keys at 258 E. Market St., Suite 305, Warren, Ohio 44481. Email requests can be made to Iannucci or Keys at [email protected] or [email protected] respectively.
Applications can also be found at WRAPCorp.org.
Published by The Business Journal, Youngstown, Ohio.