More Financial Assistance for Small Businesses in El Paso
Here's an obvious statement... 2020 was hard on small businesses. Remember when the government was going to give money to "small businesses" and that money ended up going to rather large companies but since one location was considered "small" they still for the money? Well, let's hope that doesn't happen again.
El Paso County has now made $10 million available for loans, grants, and technical assistance for small businesses and non-profits. The applications for the money went live on Tuesday, January 5th. Here is what you need to qualify:
- The business or non-profit need to be within the city or county limits
- The business or non-profit have to provide proof of COVID-19 negatively impacting them
- The business or non-profit must have to have implemented health and safety protocols in accordance with the County Judge's orders
Of the $10 million that has been made available, $6 million is for businesses outside of the city limits, and $4 million is for businesses within the city. For more info CLICK HERE.
On January 5, 2021, the County of El Paso will make $10 million available to aid small businesses located in El Paso County which have been negatively impacted by COVID-19 through its Financial Assistance for Safety, Technology and Economic Resilience (FASTER) program. This assistance is available in several forms, including grants, loans, and technical assistance.
You can also CLICK HERE to head to the El Paso Business Strong Facebook page. Yesterday (Wednesday, January 7th, 2021) they held a live stream to explain the process.