The LCLGRPB COVID-19 Small Business Recovery Program is for working capital needs that relate directly to economic injury as a result of the COVID-19 pandemic or equipment and facility upgrades necessary to comply with heightened safety and social distancing protocols (such as expansion of outdoor dining space or upgrading ventilation systems).
Loans are $25,000 – $150,000
Additional terms include:
  • 1.9% fixed interest rate
  • First 12-month interest-only payments
  • Up to 84-month term available
  • No application fee or closing costs
  • Must show job retention
  • Sufficient collateral, repayment ability and personal guarantee required
Loan Funds may not be used to pay off existing debt, refinance other loans, or acquire a position in a business. Funds may also not be used to pay for any personal expenses, investments, or expansion of a business. No start-ups.
Program deadline is May 1, 2022 while funds last.
Who to Contact: