0% Interest Loans Up To $5,000
The purpose of this program is to assist Union Grove businesses negatively impacted by COVID-19 and support business retention until the economy stabilizes. This program is now available with 0% interest, three-month deferral, and up to $5,000 for businesses in the Village of Union Grove. The structure was intentionally created to provide an expedited application and disbursement process. This will help support businesses affected by COVID-19 with immediate cash needs until the economy stabilizes.
The fundamental requirements of this program are:
- For-profit businesses
- Located in the Village of Union Grove
- At least one year in business
Administration of the new loan program will be provided by RCEDC’s business finance team, Business Lending Partners. If additional financial resources are required by the business, RCEDC staff will provide additional assistance.