Through a partnership with CommunityWorks, a local non-profit financial institution, the Bringing Back the Burg Small Business Fund will provide financial assistance to qualifying businesses negatively impacted by COVID-19. The business fund will provide 24-month loans with a 2% interest rate and a 3% origination fee which can be used for rent, accounts payable, payroll, inventory, other working capital, or equipment with the possibility of 50% of the loan being forgiven after the first year.
- Businesses with a physical location and principally based in Spartanburg County.
- For-Profit Business
- Employing less than 50 full-time equivalent employees
- Less than $5million in gross revenues for the past 12 months
- Affected by COVID-19