Small Business Recovery Loan Program
Are you the owner of a small business impacted by COVID-19? You may be eligible for a recovery loan from Fremont Area Community Foundation.
The COVID-19 crisis has had a significant impact on our region, particularly the well-being of the local business community. That's why the Community Foundation created the Small Business Recovery Loan Program in partnership with MSU Federal Credit Union. Loans from $5,000 to $50,000 are available for Newaygo County businesses with 50 or fewer full-time employees. The terms of the loans are favorable with a low interest rate and up to a five-year term. The first principal and interest payments may not be due until 90 days after closing, depending on the needs of the business.
Both nonprofit and for-profit entities are eligible to apply, including service, retail, agriculture, commercial, and industrial businesses. For more information about the program, visit facommunityfoundation.org/loans. You can also reach program contacts Don Farmer and Dan Wheat at email@example.com to discuss eligibility and begin the application process.