People Inc. offering SBA microloans to local small businesses
The SBA will make all payments – including principal, interest and fees – for six months following the closing date on any loan closed between March 27, 2020 and September 27, 2020.
Small businesses within Clarke, Frederick, Page, Shenandoah and Warren county are eligible to apply for the loans that may be offered for amounts starting at $500 up to $50,000.
“This is an incredible opportunity for small businesses affected by the [COVID-19] crisis,” Shane Simmons, People Inc. Director of Community Economic Development, said in a news release. “We hope that these loans will have a positive economic impact on small businesses and communities who may be struggling right now.”
Interested applicants can call the People Inc. Business Lending number at 833-437-0115 or visit peopleinc.net for more information.
For more news from across the Shenandoah Valley, click here.
News_one microloans, microloans available, sba to make all payments for six months after closing date, loans up to 50k, small businesses affected by COVID-19, People Inc. Business lending number, covid-19 impact on small businesses, people inc., SBA microloans, SBA, People Incorporated, Small Business Administration