City offers loan program for small businesses

From Local Sources

HUNTINGBURG — In response to the COVID-19 pandemic, the City of Huntingburg is offering a loan program to assist local small businesses during the outbreak.

The Huntingburg Emergency Loan Program, or HELP, is available to applicants for up to $5,000 with an interest rate of 1.5%. Funds are being made available through the already-established Huntingburg Revolving Loan Fund.

“We recognize the extreme hardship on our local businesses during this unprecedented time,” said Mayor Denny Spinner. “While both state and federal programs like this are already available to small businesses, our goal is to offer support on a local level, as well, which we hope will help minimize the economic impact of this COVID-19 pandemic on our neighbors and friends.”

There will be two rounds of grant funding. Applications for the first round will be due on Thursday, April 30, and awarded on Monday, May 11. To be eligible for HELP, applicants must be an existing business within the City limits of Huntingburg. Applications are available online here.

For more information, contact Director of Community Development Rachel Steckler at 683-2211 or by email at rsteckler@huntingburg-in.gov.

 




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