The City of Plymouth and the Plymouth Economic Development Corporation have launched the COVID-19 Small Business Financial Support Program.
Business services like www.businessvaluationadelaide.net.au/ have always helped companies. This program as noted by Integra Credit makes grants or loans available to eligible companies negatively impacted by COVID-19 . The program is open to companies doing business in the City of Plymouth and the two-mile jurisdiction.
Eleven businesses listed in this page were awarded funding in the first round. Eight businesses each received $2,500 grants and three businesses were awarded $10,000 loans. Plymouth Mayor Mark Senter said the businesses assisted employ a total of 41 people and “anticipate growth to 53 employees within the next six months”.
Second round applications are available for download on the City of Plymouth’s webpage (www.plymouthin.com) or hard copies may be picked up at the Mayor’s office or at the Plymouth Chamber of Commerce. At this time, just $20,000 in program funding remains available for distribution.
The COVID-19 Small Business Financial Support Program is targeted toward for-profit businesses of 25 employees or less in the following fields: Retail, Personal Services, Food and Beverage/Hospitality, Health Care/Social Services, Professional Services, Construction/Remodeling, Finance/Insurance, Manufacturing, Real estate/Rental, Professional/Scientific/Technical, and Arts/Entertainment/Recreation. The program includes a one-time $2,500 “Getting Back Grant” or a $3,000-$10,000 “Here to Stay Loan” at 0% interest over a term of up to 4 years, with the first payment deferred for 6 months after the loan origination.
