Plymouth launches small business support program
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PLYMOUTH, Ind. – The City of Plymouth will launch a small business support program Wednesday to help those impacted by the pandemic.
The COVID-19 Small Business Financial Support Program will make grants and loans available to eligible companies with 25 or less employees in the city and its two-mile zoning jurisdiction who have been negatively impacted by the virus.
“The city pledged $50,000 toward Fund the Essentials (FTE) for individuals assistance, but also designated an additional $50,000 for businesses adversely effected by COVID-19,” the Mayor of Plymouth, Mark Senter, said.
The program includes a one-time $2,500 “Getting Back Grant” or a three $10,000 “Here to Stay Loan” at no interest for up to four years, with the first payment deferred for six months after the loan origination.
Hard copy applications for the Plymouth grants are due by August 1st and should be sent to the Mayor’s Office.