March 20, 2020
Category: COVID19
MCAC IS WORKING TO RESPOND QUICKLY TO THE COVID-19 PANDEMIC. BELOW ARE RESOURCES FOR YOUR BUSINESS:
HIRE FUND (HOSPITALITY INDUSTRY RELIEF EMERGENCY FUND)
Provides a one-time loan of up to $20,000 at 0% interest for a period of 36 Months. There will bre no principal or interest payments for the first four months.
Hospitality Industry Relief Emergency Hire Fund Application
MONTGOMERY COUNTY CDBG SMALL BUSINESS RELIEF LOAN FUND
For small businesses not covered under the HIRE program above, we have limited funds available for rapid response working capital loans for businesses affected by COVID-19. We have very limited funds, so these funds will be disbursed in small amounts, to help as many businesses as possible. Terms will be set at 36 months at 1% interest. To apply click the link below.
CDBG COVID-19 EMERGENCY RESPONSE LOAN