Utilizing dollars already set aside in the county’s revolving loan fund, the Greeley County Board of Supervisors voted Monday, April 27, 2020, to establish a Disaster Relief Loan Program.
The Disaster Relief Program will provide unsecured 0% interest loans of up to $5,000 for 36 months to Greeley County businesses. There is a six-month deferment for repayment of the loan.
Funds must be used for operational relief. Loans will be made on a first-come-first-serve basis from the loan fund. A total of $50,000 has been earmarked for the Disaster Relief Program.
“We’re eager to provide a tool to assist local businesses during these unprecedented and uncertain times,” said Christy Hopkins, Greeley County Community Development director. “We appreciate the Supervisors’ willingness to establish this program and hope that the generous terms help ensure that Greeley County businesses can survive and thrive in the wake of the Covid-19 crisis.”
Additional criteria include:
- Applicants must be current on all local and state taxes.
- Applicants may be subject to a background check.
- Personal guarantees are required.
Greeley County Community Development will promote the program and receive applications. The Unified Greeley County Board of Supervisors will approve and deny applications.
For more information, call the Community Development office at (620) 376-2548.